Metal_Sefat

Metal_Sefat

The Ichimoku Cloud is composed of five lines or calculations, two of which comprise a cloud where the difference between the two lines is shaded in. The lines include a nine-period average, a 26-period average, an average of those two averages, a 52-period average, and a lagging closing price line.

Metal_Sefat

After the move on Monday, buyers were able to move the market back to 1960 However, gold seems to move towards 1945 to retest resistance

Metal_Sefat Updated 

Gold is breaking through global channel resistance, but is also bumping into a strong horizontal level.

Metal_Sefat Updated 

In order for the counter-trend correction to be recognized as a trend change, the price has to break the resistance 1935-1939. In this case the market will start to form a strengthening of the price and a bullish trend will start to form.

Metal_Sefat Updated 

Gold is fluctuating in this range, we expect it to go down to at least the specified range after an upward correction If this post was useful to you, do not forget to like and comment. <3