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Technical Analysis on Gold

26 March 2018 Marios Athinodorou

In the chart of Monday, 26th of March 2018, the gold seems to present a positive trend. This is justified by applying the Ichimoku system as follows; the price appears to be above the cloud and, the Tekan Sen and Kijun Sen seem to be in bullish formation. Moreover, the Chikou Span seems to be out of the price. These clues may assist us to identify the bullish formation based on the Ichimoku system. The potential signal could be detected if we go down to the 5M time frame and wait for a confirmed Kumo break out.

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