Ichimoku cloud indicator analysis of Gold for April 11, 2018

Trading 11 avr 2018 Donner votre avis

The Gold price continues to make higher highs and higher lows. The price has broken out of the cloud resistance and above the trend line resistance at $1,343. So far, bulls remain in control of the short-term trend.

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Black line - resistance

In the daily chart, the Gold price is above the Ichimoku cloud. The trend is bullish. Cloud support is at $1,326. As long as the price is above $1,326, bulls will remain in control. Important resistance is at $1,345-53. A rejection at that area will certainly bring the price back to $1,330-25.

The material has been provided by InstaForex Company - www.instaforex.com

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