Gold: Bearish Market with 1800$ Target

If we use Ichimoku in the daily timeframe, we can say that the market is bearish. The price is below the cloud and we should be ready to see a downward movement. If the price breaks the local uptrend line, it will give a bearish signal. The main target for the bears will be 1800$ support.

If you search for buying opportunities, firstly you should wait for an upward movement above the cloud. After that, the market will become bullish and we will be able to search for buy signals using indicators' lines and reversal setups.

I want to remind you that different trading strategies can give a little bit different trading signals, it is absolutely okay. If you don't understand how it is possible, probably you will need to get more knowledge and trading experience.



Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.