Currency: XAU/USD
Trend Expected Direction: Flat
Method: Ichimoku, Technical Analysis
Description: XAU/USD is finally trading above 1600 level. XAU/USD is trading above the kumo (clouds) on 4H&30M charts. We also have a bullish Tenkan-sen/Kijun-sen cross.
Recommendation: Long
Target Area: 1618.80
Stop-Loss: 1593