empty
 
 

Forex Analysis & Reviews: Ichimoku cloud indicator analysis on Gold for October 7th, 2022.
time 07.10.2022 02:52 PM
time Relevance up to, 08.10.2022 02:52 PM

This image is no longer relevant

Gold price is trading around $1,700 after the announcement of the non farm Payrolls and the unemployment rate in the USA. Price has broken below the tenkan-sen (red line indicator) providing our first weak reversal signal. At $1,694 we find the first important short-term support by the kijun-sen (yellow line indicator). The kumo (cloud) is found at $1,655-50. Bears need to break below the cloud in order to confirm a trend change to bearish. Failure to hold above the kijun-sen will increase chances of a big test on the cloud support.

Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.

  • 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
  • Ferrari from InstaForex
    Top up your account with at least $1,000
    join the contest and win Ferrari
    F8 Tributo
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and win $1,000
    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

Recommended Stories

Ichimoku cloud indicator analysis on EURUSD for December 1st, 2022.

EURUSD is in a bullish trend according to the Ichimoku cloud indicator. Price remains above the 4hour cloud and above both the tenkan-sen (red line indicator) and the kijun-sen (yellow

Alexandros Yfantis 15:10 2022-12-01 UTC+2

Ichimoku cloud indicator analysis on Gold for November 30th, 2022.

Gold price is trading around $1,763 and is showing signs of strength. Price is breaking above the Ichimoku cloud (Kumo). The tenkan-sen (red line indicator) is crossing above the kijun-sen

Alexandros Yfantis 14:28 2022-11-30 UTC+2

Ichimoku cloud indicator analysis on EURUSD for November 30th, 2022.

EURUSD is trading around 1.0370. Price has made no real progress over the last few days as it is trapped between 1.04 and 1.03. However price has managed to stay

Alexandros Yfantis 14:04 2022-11-30 UTC+2

Ichimoku cloud indicator analysis on Gold on November 29th, 2022.

Gold price is trading around $1,750. Price has been very volatile over the last 24 hours as it has been bouncing up and down inside the range of $1,763

Alexandros Yfantis 16:55 2022-11-29 UTC+2

Ichimoku cloud indicator analysis on EURUSD on November 29th, 2022.

EURUSD remains in a bullish trend as price continues to respect the Kumo (cloud) and trades above it. We use the Ichimoku cloud indicator to identify key support and resistance

Alexandros Yfantis 16:44 2022-11-29 UTC+2

Ichimoku cloud indicator analysis on EURUSD for November 25th, 2022.

EURUSD is trading around 1.0397. Price remains above the Kumo (cloud). As we mentioned in our previous analysis, EURUSD is expected to pull back towards cloud support after the break

Alexandros Yfantis 17:47 2022-11-25 UTC+2

Ichimoku cloud indicator analysis on EURUSD for November 24th, 2022.

EURUSD has provided a new bullish signal as price has broken above the cloud and the tenkan-sen (red line indicator) has crossed above the kijun-sen (yellow line indicator). A pull

Alexandros Yfantis 15:05 2022-11-24 UTC+2

Ichimoku cloud indicator analysis on Gold for November 24th, 2022.

Gold price is trading around $1,755. Short-term trend according to the Ichimoku cloud indicator remains neutral as price is still inside the Kumo (cloud). Price is bouncing towards the upper

Alexandros Yfantis 14:57 2022-11-24 UTC+2

Ichimoku cloud analysis on USDJPY for November 23rd, 2022.

USDJPY is trading around 141.30. After getting rejected by the tenkan-sen (Red line indicator) resistance at 142.15, USDJPY has turned lower towards the lower cloud boundary. Daily trend remains neutral

Alexandros Yfantis 14:04 2022-11-23 UTC+2

Ichimoku cloud indicator analysis on Gold for November 23rd, 2022.

Gold price is trading around $1,740. In the 4 hour chart price remains inside the Kumo (cloud) and below the tenkan-sen (red line indicator). Price remains vulnerable to a pull

Alexandros Yfantis 13:47 2022-11-23 UTC+2
Can't speak right now?
Ask your question in the chat.