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Gold price is trading at weekly highs around $1,994. In Ichimoku cloud terms trend remains bullish in the 4 hour chart as price is still above the Kumo (cloud). Yesterday price pulled back towards the kijun-sen (yellow line indicator) and found support before touching the cloud support. Gold price never closed below the kijun-sen. On the contrary price bounced off the kijun-sen indicator and broke above the tenkan-sen (red line indicator) resistance. Price is now making higher highs. Support by the tenkan-sen and kijun-sen is at $1,982 and $1,977 respectively. Holding above these two levels is key for the near term trend. The Chikou span (black line indicator) remains bullish as it is found above the candlestick pattern. Bulls remain in control of the near term trend after breaking above the cloud at $1,975. Price pulled back forming a higher low and is now pushing to new highs. Price behaviour is bullish and so far there is no sign of a reversal.
*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।
ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।