empty
 
 
25.08.2021 04:57 PM
Ichimoku cloud indicator analysis of Gold for August 25, 2021.

Gold price is trading at $1,785 as price got rejected at the cloud resistance. In our previous posts we warned traders that price was approaching important cloud resistance at $1,810 area. Price is now pulling back towards the tenkan-sen.

This image is no longer relevant

Gold price is below the Kumo (cloud) in the Daily chart. Price remains in bearish trend according to the Ichimoku cloud indicator. Support is found by the tenkan-sen (red line indicator) at $1,780. In previous posts we talked about the bullish flag break out and that bulls do not want to see price break below $1,775. So the area $1,780-75 is important short-term support. Bulls do not want to see price below this level. On the other hand if price pushes inside the Kumo, this would be a sign of strength increasing chance of a trend reversal.

通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback