AGINST INFATION
Gold had a major upmove on the monthly time frame and now its between the Tenken and Kijun on the monthly time frame.
Almost the entire world is bullish on gold with central banks purchasing more gold in there kitty and the fundementals all poining for an hyper infaltion with gold being the safe bet.
Tat being said a contrarian bearish call on gold wud be a suicidal view, but still the ichimoku cloud indicator is showing a bearish picture at least for now based on T and K, which can still push gold to new swing low before turning up again fr the mega rally.
Sell gold at 1835 for a tgt of 1800/1710 stop if the monthly candle closes above 1860
Almost the entire world is bullish on gold with central banks purchasing more gold in there kitty and the fundementals all poining for an hyper infaltion with gold being the safe bet.
Tat being said a contrarian bearish call on gold wud be a suicidal view, but still the ichimoku cloud indicator is showing a bearish picture at least for now based on T and K, which can still push gold to new swing low before turning up again fr the mega rally.
Sell gold at 1835 for a tgt of 1800/1710 stop if the monthly candle closes above 1860
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