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Gold price has started the new year under pressure. Price is moving lower towards $1,820 after making a high at $1,831 last week. Price is moving below the tenkan-sen (red line indicator) providing the first sign of weakness.
Staying below $1,822,60 will bring more weakness to Gold. Price is vulnerable to testing the kijun-sen (yellow line indicator) at $1,810. As long as price is above the 4 hour Kumo, trend will remain bullish. Bulls do not want to see price break below $1,783 where we find the lower cloud boundary. A back test at the top of the cloud is not something bulls should fear. Instead, a test on top of the cloud combined with a bounce in price, is considered a bullish signal.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.