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Gold price has broken below key short-term Ichimoku cloud indicators. More specifically price has broken below the tenkan-sen and kijun-sen indicators providing a weak sell signal. Usually after such a break down in the 4 hour chart we usually see price move towards the Kumo support.
Gold price has now resistance at $1,805 and bulls must recapture that level in order to push to new highs. Support and short-term pull back target is at the upper cloud boundary at $1,790. A daily close below $1,790-85 area will open the way for a move towards $1,755 and could extend to $1,725-35 area where we find the daily Kumo. Longer-term trend remains bullish.¡Los informes analíticos de InstaForex lo mantendrá bien informado de las tendencias del mercado! Al ser un cliente de InstaForex, se le proporciona una gran cantidad de servicios gratuitos para una operación eficiente.