Ichimoku Cloud Analysis: GBP/USD, Gold
|GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD, Time Frame H4. Indicator signals: D Tenkan-Sen and D Kijun-Sen intersected above Kumo Cloud and formed D “Dead Cross” (1), but they are still influenced by D “Golden Cross”. Ichimoku Cloud is heading up (2); Chinkou Lagging Span is on the chart. Short-term forecast: we can expect support from Senkou Span A, and growth of the price.
GBPUSD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen are close to each other, but still influenced by “Dead Cross” (1). Ichimoku Cloud is going down (2) and expanding; Chinkou Lagging Span is below the chart. Short-term forecast: we can expect support from Tenkan-Sen, and growth of the price up to the cloud’s upside border.
XAUUSD, “Gold vs US Dollar”
XAUUSD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen are getting closer to each other, they may intersect and form “Dead Cross”; D Tenkan-Sen and D Kijun-Sen are still influenced by D “Golden Cross” (3). Ichimoku Cloud is moving upwards (2), Chinkou Lagging Span is close to the chart, and the price is on Kijun-Sen. Short‑term forecast: we can expect support from the cloud’s upside border.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.