Ichimoku cloud indicator analysis of gold for January 26, 2018

GOLD price reversed from $1,266 level towards $1,340 to back test the break out level as expected. So far, the back test was successful as price is bouncing strongly back above $1,355. Magenta line – long-term resistance Gold price remains in a bullish trend. Kijun-sen support at $1,346 was respected in the 4 hour chart. […]