XAUUSD H1: The Ichimoku Forecast for the American Session on 25.11.2024
25.11.2024 15:46
Técnico
Analyzing previous trading sessions, it is worth paying attention to the intersection of the Tenkan and Kijun lines, marked with a pink square. The fast Tenkan line fell below the Kijun line, which usually signals a change in trend to a downward one. However, later the price rose above the Tenkan line, which indicates the weakness of the downward impulse.
The second important signal is a change in the color of the Kumo cloud, which is marked with a vertical purple line on the graph . The appearance of a lilac color in the cloud indicates a change in the priority direction of movement to downward.
The current situation:
Let's carefully look at the current values of the main components of the Ichimoku indicator to assess the current state of the market:
The price is currently above the Tenkan and the Kijun lines. It indicates a temporary slowdown in movement and a potential price consolidation.
Now the Kumo cloud is tinted lilac, which indicates a possible change in price dynamics in a negative direction.
The price is between the SenkouA and SenkouB lines, which act as support and resistance levels. To clarify the market situation, it is worth waiting until the price goes beyond the Kumo cloud.
The Chinkou line, which displays the closing price with a lag of 26 periods, is above the current price.
Trading recommendations:
Dynamic support levels are on the Tenkan and SenkouB lines, around the 2663.090.
Dynamic resistance levels are located on the Kijun line, near the 2689.740 mark and the SenkouA line, at the 2686.935 level.
The main Ichimoku system indicators prioritize searching for entry points into short positions, on a price rollback to the resistance levels.
The second important signal is a change in the color of the Kumo cloud, which is marked with a vertical purple line on the graph . The appearance of a lilac color in the cloud indicates a change in the priority direction of movement to downward.
The current situation:
Let's carefully look at the current values of the main components of the Ichimoku indicator to assess the current state of the market:
The price is currently above the Tenkan and the Kijun lines. It indicates a temporary slowdown in movement and a potential price consolidation.
Now the Kumo cloud is tinted lilac, which indicates a possible change in price dynamics in a negative direction.
The price is between the SenkouA and SenkouB lines, which act as support and resistance levels. To clarify the market situation, it is worth waiting until the price goes beyond the Kumo cloud.
The Chinkou line, which displays the closing price with a lag of 26 periods, is above the current price.
Trading recommendations:
Dynamic support levels are on the Tenkan and SenkouB lines, around the 2663.090.
Dynamic resistance levels are located on the Kijun line, near the 2689.740 mark and the SenkouA line, at the 2686.935 level.
The main Ichimoku system indicators prioritize searching for entry points into short positions, on a price rollback to the resistance levels.