MG Network

something big isHappening!

In the mean time you can connect with us with via:

Copyright © Money Grows Network | Theme By Gooyaabi Templates

Money Grows Network


Powered by Blogger.

Welcome To Money Grows Network

Verified By

2006 - 2019 ©

Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.



Expert In



Ichimoku cloud indicator analysis of Gold for September 10, 2021.

Gold price earlier today pushed briefly above the $1,800 price level. However as we mentioned in our previous analysis, the key resistance is at $1,800-$1,810 and traders should be cautious in case a rejection occurs. Price eventually got rejected and is now at $1,792.


Gold price is trading below the Ichimoku cloud in the 4 hour chart. Price got rejected at the cloud resistance and the kijun-sen (yellow line indicator). This was a bearish sign. Price is now trading below the tenkan-sen (red line indicator). It is important to see if the 4 hour candlestick closes below the tenkan-sen. Closing below it, we will have another sign of weakness. This should be the warning signs that a new lower low is coming for Gold. If bulls manage to push price above $1,805, 4 hour trend will change to neutral.The material has been provided by InstaForex Company -