On the Gold daily timeframe we can observe based on the Ichimocu system that the price is below the cloud, Tekan sen, Kijun sen seem to be in a bearish formation and Chikou span is below the price.
Even though the Ichimocu system seems to be in a bearish mode a good practice before we start looking for any potential signals could be looking for the price to bounce on the Kijun sen.
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