Gold (XAUUSD) Daily chart shows a ranging market by Ichimoku

Comment

Gold Daily timeframe shows market is now in a range market by below Ichimoku confirmations.

Ichimoku Analysis

- Price is in between Kijun sen and Kumo (Senko span A)
- Chiko Span touching the past candles
(As circled in red)

Next Scenario

For Bearish: If market comes below Kijun sen and Chiko Span breaks candles downwards, then market can continuously bearish as Kumo and Kijun sen still shows bearish.
For Bullish: If market continues to go up, then we'll see TK cross, Chiko breakout, then Kumo breakout (Sanyaku Kouten) and it can continuously be uptrend.