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24.11.202317:27 Forex Analysis & Reviews: Ichimoku cloud indicator analysis on Gold for November 24th, 2023.

Exchange Rates 24.11.2023 analysis

Gold price is trading once again around $2,000. Short-term trend remains bullish as price is still above the Kumo (cloud) support. The Chikou span (black line indicator) remains above the candlestick pattern (bullish). Price is still above the tenkan-sen (red line indicator) and the kijun-sen (yellow line indicator). The tenkan-sen provides support at $1,996 and the kijun-sen at $1,985. The most important indicator is the kijun-sen. Failure to hold above it will lead price towards the upper cloud boundary at $1,976. Bulls remain in control of the trend.

*A análise de mercado aqui postada destina-se a aumentar o seu conhecimento, mas não dar instruções para fazer uma negociação.

Alexandros Yfantis,
Analytical expert of InstaSpot
© 2007-2024
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