Ichimoku Cloud Analysis 16.03.2015 (GOLD)

FXTM Online Analysis Department.

XAU USD, “Gold vs US Dollar”

XAU USD, Time Frame H4. Tenkan-Sen and Kijun-Sen are still influenced by “Dead Cross” (1).

 Chinkou Lagging Span is close to the chart, Ichimoku Cloud is moving downwards (2), and the price is between Tenkan-Sen and Kijun-Sen. Short‑term forecast: we can expect resistance from Kijun-Sen.