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Gold is Golden using the Ichimoku Cloud

Updated: Feb 24, 2023

Not everyone understands the Ichimoku Cloud. Many professionals fail to see the benefits.

In the above chart we can see 3 charts for Gold. There are rules to follow in order to succeed:


  1. Candle finishes above/below the cloud

  2. The cloud is red (sell) or blue (buy) 26 periods ahead

  3. The conversion line is above/below (Blue line vs red)

  4. The lagging Span is below/above the cloud

The Ultimate Trading Course covers in detail the Ichimoku Cloud, how to use it and why it's so successful. Simply contact me info@thetradingmentors.com for more information.


Chris

 
 
 

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Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose. All information is for educational purposes.

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