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Gold price remains in a bearish short-term trend according to the Ichimoku cloud indicator in the 4 hour chart. Price is below the cloud and bulls will need to break above $1,815 in order to change short-term trend to bullish.
Gold price is above the tenkan-sen (red line indicator) and the kijun-sen (yellow line indicator) in the 4 hour chart. This gives bulls some hopes for a reversal, but confirmation will come when price at least breaks into the cloud. This means that bulls will need to push price above $1,790. Until then, price is vulnerable to more downside.¡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.