You are here: Home > articles > Commodities > Forex > Ichimoku cloud indicator analysis of Gold for September 17, 2018
Ichimoku cloud indicator analysis of Gold for September 17, 2018
September 17, 2018 8:23 amVideo
Latest News
- Technical Analysis – WTI futures break below 200 day-SMA May 3, 2024
- Hot forecast for EUR/USD on May 3, 2024 May 3, 2024
- Key events on May 3: fundamental analysis for beginners May 3, 2024
- Trading plan for GBP/USD on May 3. Simple tips for beginners May 3, 2024
- Trading plan for EUR/USD on May 3. Simple tips for beginners May 3, 2024
- Forecast for EUR/USD on May 3, 2024 May 3, 2024
- Forecast for GBP/USD on May 3, 2024 May 3, 2024
- Forecast for USD/JPY on May 3, 2024 May 3, 2024
- The euro did not understand the Fed’s signals May 3, 2024
- Analysis of GBP/USD pair on May 2nd. The final chord for the dollar May 2, 2024
- Analysis of EUR/USD pair on May 2nd. The market calmly responded to the FOMC meeting May 2, 2024
- Technical Analysis – GBPJPY returns to pre-intervention levels May 2, 2024
- JPY terrifies traders May 2, 2024
- Fed makes tough decision May 2, 2024
- USD/JPY: Simple trading tips for novice traders on May 2nd (US session) May 2, 2024
- GBP/USD: Simple trading tips for novice traders on May 2nd (US session) May 2, 2024
- EUR/USD: Simple trading tips for novice traders on May 2nd (US session) May 2, 2024
- GBP/USD: trading plan for the US session on May 2nd (analysis of morning deals). The pound was pushed below 1.2521 May 2, 2024
- EUR/USD: trading plan for the US session on May 2nd (analysis of morning deals). Euro bought around 1.0700 May 2, 2024
- EUR/USD. May 2nd. US statistics disappoint once again May 2, 2024
Gold price continues to move sideways between $1,210 and $1,190. Trend is bearish as price remains below the Daily Kumo. Price is also trapped between the kijun- and tenkan-sen indicators.
Green lines – sideways trading range
Gold price could bounce today towards the upper range boundary at $1,213 where we also find the Daily cloud resistance. Short-term support remains at $1,190-87 area. A daily close below this level will open the way for a push to new lows towards $1,140-$1,100.I prefer to be patient and wait for a bounce to sell Gold as I believe a test of cloud resistance will be seen soon and a rejection will follow. Only a break above the Daily Kumo will change the medium-term trend in Gold.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: