Ichimoku cloud indicator analysis on Gold for March 29th, 2023.
March 29, 2023 1:25 pm
Gold price is trading around $1,964 as price is hovering above the 4 hour Kumo. Cloud support at $1,959 is very important for the near term. The tenkan-sen (red line indicator) provide support at $1,961. Resistance by the kijun-sen (yellow line indicator) is at $1,973. The Chikou span (black line indicator) is below the candlestick pattern (bearish). Resistance is found at $1,972-82. Price has mostly been moving sideways for the last few days. Will cloud support hold?
The material has been provided by InstaForex Company – www.instaforex.com
Gold price is trading around $1,964 as price is hovering above the 4 hour Kumo. Cloud support at $1,959 is very important for the near term. The tenkan-sen (red line indicator) provide support at $1,961. Resistance by the kijun-sen (yellow line indicator) is at $1,973. The Chikou span (black line indicator) is below the candlestick pattern (bearish). Resistance is found at $1,972-82. Price has mostly been moving sideways for the last few days. Will cloud support hold?
The material has been provided by InstaForex Company – www.instaforex.com
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