Ichimoku indicator analysis of gold for April 6, 2017
GOLD price back tested the cloud support as we expected and bounced back towards its recent highs and important medium-term resistance. The bulls need to break above $1,263 and hold $1,240. I remain bullish looking for a breakout towards $1,280-$1,300 first. Blue lines – sideways channel Gold is trading above the 4-hour Ichimoku cloud. Trend […]