XAUUSD H1: The Ichimoku Forecast for the Asian Session on 30.1.2025

30.01.2025 00:16
Técnico
The key moment of previous trading sessions was the intersection of the Tenkan and Kijun lines. This signal is marked on the chart with a pink square and indicates a change in the trend to a downward one. However, subsequently the price was noted to have risen above the Tenkan line, indicating weakness in the downward momentum.
The second most important signal is a change in the direction of movement of the cloud Kumo. This signal is marked on the chart with a vertical purple line. The orange color of the cloud indicates a change in the priority direction of movement to upward.
The current situation:
Let's look at the main components of the indicator and their current values:
The price is now positioned between the Tenkan and the Kijun lines, indicating a temporary consolidation before a potential resumption of the trend.
The Kumo cloud is colored orange, indicating the market tendency to a continuing upward movement.
The price entered the Kumo cloud, which may indicate a possible trend change or a development a lateral drift phase. The SenkouA and SenkouB lines act as support and resistance. To clarify the market situation, it is worth waiting until the price fixes outside of the cloud.
Used by investors to identify a change in trend, the green Chikou line is above the price on the chart.
Trading recommendations:

Dynamic support levels are on the Tenkan line, around the 2752.840, the SenkouA line, at the 2747.668, and the SenkouB line, around the 2758.095.
Dynamic resistance levels are on the Kijun line, near the 2755.365, and the SenkouB line, near the 2758.095.