Gold XAU/USD Weekly analysis 25 - 29 Nov

XAU/USD Weekly Chart :


XAU/USD Weekly Chart
XAU/USD Weekly Candle Chart 

Fibonacci Retracement of Leg 1270 to 1557,

38.2% is at 1448 & 23.6% is at 1490. 

Weekly Support is at 1448 and Resistance at 1490.

Bulls will get upper hand above 1490. Tough to close above 1490 for the Bulls.

Bears will get upper hand below 1448 for the Target of Next Retracement 50% at 1414.

XAU/USD Daily Channel Pattern  :


XAU/USD Daily Candle Chart
XAU/USD Daily Candle Chart 
Self Explanatory Chart 

XAU/USD 4 hour Ichimoku  Cloud :

XAU Ichimoku
XAU Ichimoku


GET SET GO THEORY FOR ICHIMOKU CLOUD

GET: Tenken Sen Line (Blue )Break
SET: Kijun Sen Line (Red)Break 
GO: Senkou Span Break  

Gold Spot had Close below Kijun Sen Line 1468 on 4 Hour Chart and closed near Senkou Span B 1463 is ready for "GO". 

Bears will get active below Senkou Span B @ 1462

Bulls will get active above Senkou Span A @ 1470

US Dollar Index :

USD INDEX
USD INDEX

Self Explanatory 

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