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Technical Analysis on Gold

12 April 2018 Marios Athinodorou

Based on the Ichimoku system, it could be noticed that the price appears above the cloud and the Chikou span seems to be above the price. The lines Kijun Sen and Tekan Sen seem to be in bearish formation. The cloud seems to be bullish; therefore the price may head long. In case the price crosses the lines, and the lines are in bullish formation, then we could start considering looking for bullish signals in accordance with the Ichimoku system.

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