Ichimoku Cloud Analysis 23.12.2016 (GBP/USD, GOLD)

23.12.2016

Analysis for December 23rd, 2016

GBP USD, “Great Britain Pound vs US Dollar”

GBP USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are still influenced by “Dead Cross” (1). D Tenkan-Sen and D Kijun-Sen intersected and formed D “Dead Cross” (3) as well. Ichimoku Cloud is heading down (2) and expanding, Chinkou Lagging Span is below the chart, and the price is below the lines. Short-term forecast: we can expect resistance from Tenkan-Sen, and attempts of the price to fix under the daily cloud.



GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1). Ichimoku Cloud is going down (2); Chinkou Lagging Span is below the chart. Short-term forecast: we can expect resistance from Senkou Span A, and a further decline of the price.




XAU USD, “Gold vs US Dollar”

XAU USD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud again and formed “Dead Cross” (1). Ichimoku Cloud is moving downwards, Chinkou Lagging Span is on the chart, and the price is on Tenkan-Sen. Short‑term forecast: we can expect the price to be corrected towards resistance from Senkou Span A, and then continue falling.



 
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Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.