Daily Market Analysis

Recommendations: BUY $1320 SL $1305 TP1 $1350 TP2 $1365 TP3 $1400 BUY $1300 SL $1285 TP1 $1330 TP2 $1350 TP3 $1365 On the daily chart, XAU/USD bulls didn’t manage to overcome significant resistance at $1360-1365 an ounce…

Narrowing bearish Ichimoku Cloud with falling Senkou Span B; a dead cross of Tenkan-sen and Kijun-sen, but narrowing channel of the lines; the market is in correctional movement to the Cloud.

Narrow bearish Ichimoku Cloud with falling Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen, but the narrowing channel Tenkan-Kijun; the prices keeps staying inside a Cloud and the channel Tenkan-Kijun.

The marker is likely going to reach the 21 Moving Average. If a pullback from this line happens little later on...

Bulls are likely going to test the upper "Window". If this level acts as resistance, bears will probably try to test the next support area...

We should keep an eye on the nearest support at 1.3915 as an intraday target. If a pullback from this level happens afterwards...

The pair is likely going to test the closes support at 1.2355 - 1.2325. However, if a pullback from these levels arrives little later on...

Recommendations: SELL 0…

Recommendations: BUY 0…

Narrow bearish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the prices are entered into the cloudy area and will may test the Kijun’s support.

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the prices are returned to the support of the Kijun-sen.

We've got a bullish "Harami", which hasn't been confirmed yet. So, it's likely to have an upward correction in the short term...