Ichimoku indicator analysis of gold for May 23, 2017

GOLD price remains just below the important resistance of $1,265 where the 61.8% Fibonacci retracement is found. Trend remains bullish but a pullback towards $1,250 is justified in the short term. As long as price is above $1,213, I expect Gold to reach $1,280-$1,300. Gold price continues to trade above both the tenkan- and kijun-sen […]