XAUUSD: Ichimoku KinkoHyo analysis. The market showing a Strong Bearish Trend with a thick down kumo. Kijun sen is already over Tenkan sen which is another confirmation of a Bearish trend. To get a target, you can draw a Fibonacci on a 4H Chart and mark your Take Profit till level 61.8 of fib, i.e., 1933.42, and if the downtrend continues beyond 61.8 then till level 50, i.e., 1910 can be marked as your Take Profit 2. We hope our expert analysis is giving you the needed insight before your trade entry. Do let us know how you like our market analysis and what else would you like us to include and cover.
Gold Market Analysis: Ichimoku Kinko Hyo Analysis