empty
 
 
16.01.2023 02:50 PM
Ichimoku cloud indicator analysis on Gold for January 16th, 2023.

This image is no longer relevant

Gold price remains in a bullish trend as price continues trading above the 4 hour Kumo. Price continues making higher highs and higher lows. Gold price has not given any sign of weakness. Price continues to respect the kijun-sen (yellow line indicator). Support by the kijun-sen is at $1,897. Earlier today price pulled back and tested the tenkan-sen (red line indicator) support at $1,910. A break below this level will push price towards the kijun-sen at $1,897. At $1,863 we find the Kumo (cloud) support. This is the most important support level. As long as we trade above it, trend remains bullish.

Summary
Urgency
Analytic
Alexandros Yfantis
Start trade
Gagnez sur les variations du cours des cryptomonnaies avec InstaForex.
Téléchargez MetaTrader 4 et ouvrez votre première transaction.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $6000 more!
    In December we raffle $6000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback