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XAUUSD technical analysis

17 May 2018

On XAUUSD it can be observed that the price has formed a confirmed kumo break out yet based on the Ichimocu system.

The tekan sen and kijun sen seem to be in bearish formation, the chikou span is below the price and the cloud seems to be on the bearish mode.

What we would like to see here before start looking for any potential signals is the bounce of the price on the tekan sen line.


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Marios Athinodorou

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