4hour Ichimoku cloud analysis

Back to the basics of Ichimoku trading.
[video=youtube;puIn4rsAdBg][/video]
A introduction on the dynamic <span class="glossarylink">

<a href="https://www.forexpeacearmy.com/forex-forum/vbglossar.php?do=showentry&amp;item=support" onmouseover="return overlib('Support is a price level (often an area, not an EXACT price) that traders tend to buy at. This often prevents price from falling below this level, th [...]');" onmouseout="return nd();">
<img class="inlineimg" src="images/styles/f4/misc/vbglossarlink.gif" border="0" /></a> <a href="https://www.forexpeacearmy.com/forex-forum/vbglossar.php?do=showentry&amp;item=support" onmouseover="return overlib('Support is a price level (often an area, not an EXACT price) that traders tend to buy at. This often prevents price from falling below this level, th [...]');" onmouseout="return nd();">support</a>



</span> and <span class="glossarylink">

<a href="https://www.forexpeacearmy.com/forex-forum/vbglossar.php?do=showentry&amp;item=resistance" onmouseover="return overlib('Resistance is a price level (often an area, not an EXACT price) that traders tend to sell at. This often prevents price from going above this level, [...]');" onmouseout="return nd();">
<img class="inlineimg" src="images/styles/f4/misc/vbglossarlink.gif" border="0" /></a> <a href="https://www.forexpeacearmy.com/forex-forum/vbglossar.php?do=showentry&amp;item=resistance" onmouseover="return overlib('Resistance is a price level (often an area, not an EXACT price) that traders tend to sell at. This often prevents price from going above this level, [...]');" onmouseout="return nd();">resistance</a>



</span> function of the ichimoku cloud,
 
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Audjpy h4

certainly an ideal entry with price bouncing the the kijun
AUDJPY H1.JPG
 
GOLD from a monthly view

Although the bullion has been edging higher for the third month in a row, from a technical view, its evident that price has been rejected thrice from the Senkou Span B already, and this may spell yet another string of losses for Gold in the coming months.
GOLD MO1.JPG

How long the selling pressure hold for is the million $ question
 
Although the bullion has been edging higher for the third month in a row, from a technical view, its evident that price has been rejected thrice from the Senkou Span B already, and this may spell yet another string of losses for Gold in the coming months.
View attachment 14035

How long the selling pressure hold for is the million $ question

You short on gold?

@ what price and what's your TP?
 
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