Ichimoku indicator analysis of gold for April 20, 2017

GOLD price made a sharp move lower yesterday below $1,280 and almost reached our first target of $1,270. The inability to break above $1,293 pushed prices lower as we expected. Gold could continue even lower towards $1,250-60 but my overall longer-term view remains unchanged and bullish. Gold price decline stopped at the 38% Fibonacci retracement. […]