raffo002

raffo002

Continuous down trending for GOLD. If the price will close under the lower forecast line (line from recent lower to cloud with a 25 days distance) we can expect the price to continue to go down. Also we need a confirmation by ichimoku with a descending cloud and conversation line. As next relevant price area we can consider the previous low and a range between...

raffo002

Bullish head and shoulders is forming, on the completion of the figure we can expect the price to point to the equilibrium zone (ichimoku cloud). The senkou span b can be used as target, this zone coincide with an important resistence/support zone for the previous price (red rectangle). Also notice that the price just bounced from the base line. The right...