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Gold price has provided another bearish signal today according to the Ichimoku cloud indicator. Price has broken below $1,800 and is now trading below both the daily and 4 hour clouds. This is a sign of weakness and unless bulls manage to recapture $1,810 at least, they will be in trouble.
Gold price is below the Daily Kumo (cloud). Support is now at the kijun-sen at $1,760. Resistance by the cloud and the tenkan-sen is at $1,800-$1,810. Bulls need to break above this level in order for trend to change to neutral. Only a break above $1,833 would be a bullish sign for Gold. Gold is vulnerable to a move lower as long as price is below the $1,800-$1,810 resistance area.¡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.