{"id":3874,"date":"2017-04-24T07:09:54","date_gmt":"2017-04-24T07:09:54","guid":{"rendered":"http:\/\/www.stock-trkr.co.uk\/commentary\/commodities-articles\/Ichimoku-indicator-analysis-of-gold-for-April-24-2017"},"modified":"2017-04-24T07:09:54","modified_gmt":"2017-04-24T07:09:54","slug":"ichimoku-indicator-analysis-of-gold-for-april-24-2017","status":"publish","type":"post","link":"https:\/\/www.myforexvps.co.uk\/ichimoku-indicator-analysis-of-gold-for-april-24-2017\/","title":{"rendered":"Ichimoku indicator analysis of gold for April 24, 2017"},"content":{"rendered":"<p><a href=\"http:\/\/www.stock-trkr.co.uk\/live-charts\/commodities\/gold_live_chart\">GOLD<\/a> price as expected is pushing lower towards $1,260 as we justified a correction from last week. The causation today are the French election results. Technically Gold price could continue lower towards $1,260 or even $1,250 but my longer-term view remains unchanged.<\/p>\n<p><img decoding=\"async\" width=\"450\" src=\"https:\/\/www.stock-trkr.co.uk\/wp-content\/uploads\/2017\/04\/analytics58fda3b14e0d1.jpg\" alt=\"analytics58fda3b14e0d1.jpg\"><\/p>\n<p>The gold price has reached the 61.8% Fibonacci retracement of the last move up from $1,240 and the lower cloud boundary. If support at $1,260 fails we should expect the Gold price to move towards the 38% Fibonacci retracement of the rise from $1,180. This support level is at $1,245.<\/p>\n<p><img decoding=\"async\" width=\"450\" src=\"https:\/\/www.stock-trkr.co.uk\/wp-content\/uploads\/2017\/04\/analytics58fda4521b4fc.jpg\" alt=\"analytics58fda4521b4fc.jpg\"><\/p>\n<p>Black line – resistance<\/p>\n<p>Blue line – support<\/p>\n<p>As we expected from last week Gold price got rejected at the upper cloud boundary and at the black long-term trend line resistance. Weekly support is at the red tenkan-sen indicator at $1,245. My longer-term view remains bullish. This downward move is most probably the last chance for long positions in Gold before the big breakout.<\/p>\n<p>The material has been provided by InstaForex Company – <a href=\"https:\/\/www.instaforex.com\/?x=GJAZ\">www.instaforex.com<\/a><br \/>\nSource: Instaforex.com<\/p>\n","protected":false},"excerpt":{"rendered":"<p>GOLD price as expected is pushing lower towards $1,260 as we justified a correction from last week. The causation today are the French election results. Technically Gold price could continue lower towards $1,260 or even $1,250 but my longer-term view remains unchanged. The gold price has reached the 61.8% Fibonacci retracement of the last move […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[51],"tags":[],"_links":{"self":[{"href":"https:\/\/www.myforexvps.co.uk\/wp-json\/wp\/v2\/posts\/3874"}],"collection":[{"href":"https:\/\/www.myforexvps.co.uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myforexvps.co.uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myforexvps.co.uk\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myforexvps.co.uk\/wp-json\/wp\/v2\/comments?post=3874"}],"version-history":[{"count":1,"href":"https:\/\/www.myforexvps.co.uk\/wp-json\/wp\/v2\/posts\/3874\/revisions"}],"predecessor-version":[{"id":3875,"href":"https:\/\/www.myforexvps.co.uk\/wp-json\/wp\/v2\/posts\/3874\/revisions\/3875"}],"wp:attachment":[{"href":"https:\/\/www.myforexvps.co.uk\/wp-json\/wp\/v2\/media?parent=3874"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myforexvps.co.uk\/wp-json\/wp\/v2\/categories?post=3874"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myforexvps.co.uk\/wp-json\/wp\/v2\/tags?post=3874"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}