Ichimoku cloud indicator analysis of Gold for September 13, 2018

The Gold price has broken above the tenkan-sen resistance and might continue higher towards the cloud resistance at $1,220 if we break above $1,209. Short-term trend is bullish as long as the price is above $1,190.


The Gold price is finally moving higher. The entire corrective phase should unfold with a move higher towards cloud resistance. The daily trend remains bearish as the price is below the Kumo (cloud). Support is at $1,190 and if broken will open the way for a push towards $1,170 and lower.

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