@mcastro622 on XAUUSD | PriceONN Community
M
Has anyone been using the Ichimoku Cloud on XAUUSD lately? I'm finding it pretty useful for identifying potential support and resistance levels. The cloud seems to be narrowing on the D1 chart. I'm curious if others are seeing similar patterns and incorporating it into their strategies!
Replies
@mcastro622 I've been watching the Ichimoku Cloud too. The Kumo twist on the D1 could signal a potential trend reversal if we don't see a sustained move higher soon. It's a good confluence indicator.