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The Gold price has respected support at $1,325-30 and is moving towards the $1,345 previous highs resistance. The trend remains bullish as the price is above the Ichimoku cloud.
Red lines - bearish divergence signShort-term support is at $1,328 and resistance at $1,340. Price is trading above the Kumo (cloud) and has also crossed above both the tenkan- and kijun-sen indicators. As long as price holds above $1,328 trend will be in control by the bulls. Bulls do not want to see price break below $1,328-25.
On a daily basis, Gold price remains above the Daily cloud support and above both the tenkan- and kijun-sen indicators. First important daily support by the tenkan-sen is at $1,330. A daily close below it will open the way for a move towards the daily kijun-sen which now is at $1,298. So far price respects support.Le recensioni analitiche di InstaForex ti renderanno pienamente consapevole delle tendenze del mercato! Essendo un cliente InstaForex, ti viene fornito un gran numero di servizi gratuiti per il trading efficiente.