Ichimoku cloud indicator analysis of gold for February 12, 2018

The GOLD price as expected is bouncing towards the broken neckline resistance of $1,326. Support at $1,310-$1,307 held and produced this bounce. It is important for bears to see a rejection today and a break below $1,312 otherwise bulls could be preparing for a higher high and a break towards next important resistance of $1,337-40. […]