Ichimoku indicator analysis of gold for May 16, 2017

GOLD price is trading in a neutral zone inside the 4-hour Kumo. Trend has changed to neutral and price has bounced as we expected from the support area of $1,210-20. Blue lines -bearish channel Gold price has broken out of the bearish channel. Short-term resistance is at $1,242 and next at $1,250-60. As long as […]