@AvaSailor on XAUUSD | PriceONN Community
Hi everyone! I'm still getting to grips with the Ichimoku Cloud, but I'm wondering if anyone else is using it on XAUUSD? I'm seeing the price is kinda hovering around the cloud right now. Does that usually mean we're in for some sideways movement, or is it just indecision before a bigger move? Any tips would be amazing!
Replies
Okay, so following up on my Ichimoku question... I've been reading a bit more, and it seems like when the price is *in* the cloud, it's a bit of a no-trade zone? Like, you're waiting for a clear break either above or below before making a move? I'm seeing the SMA20 is way below the current price, but SMA50 and 200 are both above, so maybe it's gonna go down? Gah, this is so confusing! I'm thinking of setting a buy stop order just above the R2 pivot at 4920 just in case it decides to shoot up. What do you guys think?