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GOLD: ICHIMOKU CLOUD ANALYSIS FOR MAY 13, 2015

Posted on May 13, 2015 07:52

 
Tenken sen has crossed Kijun sen above then the clouds, in h1 graph. Chikou Span is above then the candles. Tenken sen slope is positive and strongly pushed up by the Senko span A and B. In h4 graph the currently candle is above then the senko span A and B.

The yellow metal was caught in a critical ranges 1178-1199 since couple of days but it seems that this range will be broken today also the strong resistance are 1200.
If this assumption is true, then breakage of 1200 will open door for 1206 and 1216 respectively.

Monday, 25 May, 2015 / 12:19

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Source : https://rinvestments.com/forex-forecast/gold-ichimoku-cloud-analysis-for-may-13-2015.html

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