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Technical Analysis on Gold -29/3/18

29 March 2018 Marios Athinodorou

Today, the gold presents the following picture. The Kumo break out seems to have been already established based on the Ichimoku system. In addition, Tekan Sen and Kijun Sen, as well as, Chikou Span, appear out of the Kumo cloud. Chikou span seems to be below the price, and the price seems to have broken the Tekan Sen line too. It could be said that the price may continue following the down trend. Hence, we could wait for a reversal and then consider start looking for a potential signal.


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