@AshleyWilliams on XAUUSD | PriceONN Community

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Hey everyone, I'm trying to get better at using different indicators. I've been reading about the Ichimoku Cloud, and it seems like it could be helpful for XAUUSD to identify potential support and resistance levels. Has anyone here used it for gold trading? Any tips for a beginner?
XAUUSD

Replies (2)

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AshleyWilliams PRO newbie Mar 12
Also, I saw news about rising oil prices potentially impacting inflation, which could affect gold. If inflation concerns continue, would that make XAUUSD more bullish long-term, even if the Ichimoku Cloud shows short-term resistance? It's all so confusing sometimes lol
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AshleyWilliams PRO newbie Mar 12
oh and, I'm also wondering if it's useful on different timeframes? Like, should I be looking at it on the H4 or D1 chart for XAUUSD?
EURUSD 1.16377 +0.06%
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