Posted on May 22, 2015 07:42
Gold prices getting stronger since Asian Session, the precious metal hit 1201.35 yesterday and strongly supported by the 2nd support and psychological level 1200. In American Session the yellow metal ticked up due to negative Existing Home Sales data.
Ichimoku cloud is indicating strong bullish trend. In, daily graph, kijun sen and tenken sen are acting as a good support for this metal and trying to move up word from clouds. In h4 graph, the candles are in the clouds but tenken sen and kijun sen are acting as a support. Further more in h1 graph. But the senko span A and B are acting as a resistance near 1211.