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Gold price is above the 4 hour Kumo (cloud). Price has broken above both the tenkan-sen and kijun-sen indicators providing a new bullish signal. As long as price holds above the cloud, we remain bullish in the 4 hour chart.
Support by the tenkan-sen (red line indicator) is at $1,797. Support by the kijun-sen (yellow line indicator) is at $1,799. Bulls need to defend this area. If and when the tenkan-sen crosses above the kijun-sen, we will have an added bullish signal. Short-term trend is bullish as long as price is above $1,790. Below that level it turns neutral and below $1,783 it turns bearish.¡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.