Gold continue to follow the bearish sentiment, based on the Ichimocu system we can confirm a valid Kumo breakout due to the fact that price is below cloud,Tekan sen and Kijun sen are below the cloud but in bearish formation as well. Chikou span is also below the cloud and below price and the cloud has a spike at the end meaning that the bearish sentiment may continue.
Before we start looking for any opportunities to sell we need to see price bounce on the Kijun sen line, which is also the 50% of the Fibonacci.
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