Ichimoku Cloud Analysis 17.03.2015 (GOLD)

XAU USD, “Gold vs US Dollar”

XAU USD, Time Frame H4. Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1), but both lines are very close to each other.

 Chinkou Lagging Span is below the chart, Ichimoku Cloud is moving downwards (2), and the price is below the lines. Short‑term forecast: we can expect resistance from Tenkan-Sen, and attempts of the price to grow towards the cloud.

FXTM Online Analysis Department.