Ichimoku cloud indicator analysis of gold for February 9, 2018

GOLD price is in a bearish short-term trend as price is below both the tenkan- and kijun-sen indicators. Gold is making lower lows and lower highs and is expected to move towards $1,300-$1,280 area once we break below $1,307. Blue lines – horizontal support Despite the risk off sentiment in equity markets and the weak […]