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外汇市场分析
Ichimoku Indicator

20.12.202118:21 Forex Analysis & Reviews: Gold falls below $1,800 following Friday's bearish reversal signal.

Gold price is trading around $1,794 a little bit lower than were it ended on Friday. In our last analysis we mentioned that the sharp rise in price without any pull back, justified a return of price towards the 38% Fibonacci retracement which it had recently broken.

Exchange Rates 20.12.2021 analysis

In Ichimoku cloud terms short-term trend remains bullish as price is still above the 4 hour Kumo (cloud). price has broken below the tenkan-sen (red line indicator) and this makes price vulnerable to a move towards the kijun-sen (yellow line indicator) now found at $1,783. Bulls do not want to see price break below the Kumo (cloud). Bulls want price to test the kijun-sen and reverse to the upside after testing it.

*这里的市场分析是为了增加您对市场的了解，而不是给出交易的指示。

Alexandros Yfantis,
Analytical expert of InstaSpot
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