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Gold price is trading around $1,782 after getting rejected at the lower cloud boundary at $1,790. Gold bulls are not strong enough to keep price inside the cloud and change short-term trend. Price is now testing the $1,780 tenkan-sen (red line indicator) support.
Next support is found at $1,776 where we find the kijun-sen (yellow line indicator). Bulls need to break above $1,790 and stay above it in order to change short-term trend to neutral. Failure to hold above $1,775 will put price under pressure with increased chances of seeing price move lower towards $1,750. In Ichimoku cloud terms in the 4hour chart, trend remains bearish.Le recensioni analitiche di InstaForex ti renderanno pienamente consapevole delle tendenze del mercato! Essendo un cliente InstaForex, ti viene fornito un gran numero di servizi gratuiti per il trading efficiente.