Ichimoku indicator analysis of gold for October 17, 2017

GOLD price reversed yesterday and has pulled back below $1,300. As we mentioned a couple days ago, the area of $1,305-$1,310 is an important resistance area and a pullback from that area towards $1,280 was justified. In Ichimoku cloud terms, this pullback is considered a buying opportunity. Price is above the 4-hour Kumo. Price is […]