You are here: Home > articles > Commodities > Forex > Ichimoku cloud indicator analysis of Gold for April 17, 2018
Ichimoku cloud indicator analysis of Gold for April 17, 2018
April 17, 2018 7:22 amVideo
Latest News
- Trading Signals for GOLD (XAU/USD) for April 17-19, 2024: sell below $2,400 (21 SMA – double top) April 17, 2024
- Technical Analysis – GBPCAD hits a wall but bulls not ready to give up April 17, 2024
- Trading Signals for Ethereum (ETH/USD) for April 17-19, 2024: sell below $3,125 (21 SMA – 2/8 Murray) April 17, 2024
- Analysis for the EUR/USD pair on April 17th. Jerome Powell didn’t help the dollar much April 17, 2024
- Analysis for GBP/USD pair on April 17th. British inflation overtakes American inflation April 17, 2024
- USD/JPY: Simple Trading tips for novice traders on April 17th (US session) April 17, 2024
- GBP/USD: Simple trading tips for novice traders on April 17th (US session) April 17, 2024
- EUR/USD: Simple trading tips for novice traders on April 17th (US session) April 17, 2024
- GBP/USD: trading plan for the US session on April 17th (analysis of morning deals) April 17, 2024
- Technical Analysis – EURUSD takes a breather after sharp tumble April 17, 2024
- Market continues to price in a plethora of rate cuts for 2024 – Special Report April 17, 2024
- EUR/USD: trading plan for the US session on April 17th (analysis of morning deals) April 17, 2024
- Technical Analysis – EURGBP maintains bearish bias amid pennant formation April 17, 2024
- EUR/USD. April 17th. Jerome Powell supports the dollar April 17, 2024
- GBP/USD. April 17th. Inflation in Britain is falling, but not as much as the market wants April 17, 2024
- Tesla Q1 Earnings: Poor deliveries point to disappointing results – Stock Markets April 17, 2024
- Video market update for April 17, 2024 April 17, 2024
- Forex forecast 04/17/2024: EUR/USD, GBP/USD, Gold, Bitcoin and Ethereum from Sebastian Seliga April 17, 2024
- Technical Analysis – Gold struggles to jump above 2,400 April 17, 2024
- GBP/USD: trading tips for beginners for European session on April 17 April 17, 2024
The Gold price tried to break above $1,350 yesterday but so far it has not succeeded. Short-term trend remains bullish as long as the price is above $1,340 but we must also keep in mind the important resistance we have right above at $1,350-65 where we see a big rejection last week.
Long-term resistance is at $1,360-65 area. Long-term support at $1,300. Short-term resistance is at $1,351 and support at $1,340. The Gold price is mainly moving sideways both in the short and in the medium-term. After the big rejection and reversal from last weeks try to break out of the trading range, I believe we should expect one more leg lower towards at least $1,310.
Cloud support is at $1,333 and as long as we are above this level, the short-term trend is bullish.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: