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GOLD: ICHIMOKU CLOUD ANALYSIS FOR MAY 15, 2015

Posted on May 15, 2015 09:29

Gold prices ticked down overnight and unable to close above the resistance 1226. 

Tenken Sen and kijun shifted above the candles and indicating some correction in h1 graph, it can hit 1213 and will be supported above this level. Senko span A is above then the Senko Span B, will act as a good support for this metal near price area 1213. 
Furthermore the RSI of 14 days is overbought, some correction is expected. We will remain bullish but near 1205-1213 price zone.

Monday, 25 May, 2015 / 1:54

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