XAUUSD H1: The Ichimoku Forecast for the European Session at 11.11.2024
11.11.2024 09:16
기술적
The main signal of the latest trading sessions is the intersection of the Tenkan and Kijun lines, marked on the chart with a pink square. This is a negative signal. It indicates a change in the upcoming trend to a downward one.
The second most important signal is a change in the direction of movement of the cloud Kumo. This signal is marked on the chart with a vertical purple line. The orange color of the cloud indicates a change in the priority direction of movement to upward.
The current situation:
Let's look at the main components of the indicator and their current values:
A signal of three lines is being observed on the XAUUSD chart. The price is below the red Tenkan line, the blue Kijun line, and the Kumo cloud. This signal indicates further development of the downward movement.
The Kumo cloud is colored orange, indicating the market tendency to a continuing upward movement.
The price is below the Kumo cloud, which is now acting as a resistance area for the price.
Used by investors to identify a change in trend, the green Chinkou line is above the price on the chart.
Trading recommendations:
Dynamic resistance levels are on the Tenkan line, in the area of the 2676.305, the Kijun line, near the 2685.199, the SenkouA line, at the level of 2687.729, and the SenkouB line, around 2696.285.
Considering all the signals of the Ichimoku indicator, intraday it is worth prioritizing the signals for entering short positions when the price rolls back to resistance levels.
The second most important signal is a change in the direction of movement of the cloud Kumo. This signal is marked on the chart with a vertical purple line. The orange color of the cloud indicates a change in the priority direction of movement to upward.
The current situation:
Let's look at the main components of the indicator and their current values:
A signal of three lines is being observed on the XAUUSD chart. The price is below the red Tenkan line, the blue Kijun line, and the Kumo cloud. This signal indicates further development of the downward movement.
The Kumo cloud is colored orange, indicating the market tendency to a continuing upward movement.
The price is below the Kumo cloud, which is now acting as a resistance area for the price.
Used by investors to identify a change in trend, the green Chinkou line is above the price on the chart.
Trading recommendations:
Dynamic resistance levels are on the Tenkan line, in the area of the 2676.305, the Kijun line, near the 2685.199, the SenkouA line, at the level of 2687.729, and the SenkouB line, around 2696.285.
Considering all the signals of the Ichimoku indicator, intraday it is worth prioritizing the signals for entering short positions when the price rolls back to resistance levels.