Also we have weak A/D divergence. Price fall - A/D in flat
See prev idea on weekly timeframe
Wave structure must be closed in target area no later at end of May
ATR confurm a breaking downtrend, but we must buy from, a good level or under it. Now it is a weekly Tenkan-sen line ($59 - $60 now) or 23,6% Fibo level at $61,83 Watch ATR - it must be collapse until uptrend not started.
See my previews opinion about GOLD (GC) and be safe in 4 quarter of 2016
1. 50% retracement level. 2. Downtend continie more than 30% time of uptrend (ready to???). 3. ATR collapsed. Target levels based on ATR value and time point (November 2016 ar average arrival time 16 months) $1400 and $800 order of visiting levels unknoun. Watch wich first visited, another be next.
ATR must be lower in price flat/range
Very hard support on 50% retracement.
Previews long idea confurmed
Ichimoku "Dead cross" - sell from Kijun-sen line or from 1,085
I think that April/May is very good time to buy some tickers such GAZP, NVTK and related stocks and furures in NG sector
Buy from support line - Ichimoku cloud.
Weak USD makes GC1! stronger
Weekly Ichimoku says - downtrend continues. Note: wrong colors/names for Tenkan/Kijun lines - reverce it. Short from Tenkan - fast (closest) line.
Watch war news from East (Saudi Arabia/Yemen war + ISIS) ICE can go up earler from bottom cloud line on daily chart. But wait fast/slow Ichimoku line crossing on weekly chart or wait for buy under 55$. Another good suggest for daily - Chinoku crossing price trend and cloud.