XAUUSD: Towards a correction?
There are initial signals concerning a correction if not yet a reversal of trend for XAUUSD.
The orientation of the Lagging span is to be watched carefully. Above that, The price could not cross the Kijun . The RSI is about to come to the red trend line beloow wich RSI is bellow 50.
Although the Kumo Cloud do not give a clear signal of a future change of trend, it is rather think i.e volume and volatility.
Therefore,as far as prices are concerned, any price bellow 1240 should be watched carefully
The orientation of the Lagging span is to be watched carefully. Above that, The price could not cross the Kijun . The RSI is about to come to the red trend line beloow wich RSI is bellow 50.
Although the Kumo Cloud do not give a clear signal of a future change of trend, it is rather think i.e volume and volatility.
Therefore,as far as prices are concerned, any price bellow 1240 should be watched carefully
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