empty
 
 
07.06.2023 02:26 PM
Ichimoku cloud indicator analysis on Gold for June 7th, 2023.

This image is no longer relevant

Black line- support trend line

According to the Ichimoku cloud indicator, Daily trend is Gold is neutral as price remains inside the Kumo (cloud). Price is trading now above the tenkan-sen (Red line indicator), but below the kijun-sen (yellow line indicator). The Chikou span (black line indicator) is below the candlestick pattern (bearish). At the same time price remains above the black upward sloping support trend line. Resistance is found at $1,995 where we find the upper cloud boundary. Support by the cloud is at $1,926. For now there is no clear trend. Traders need to remain patient and cautious keeping a close eye on the price levels we mentioned earlier.

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • 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

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback