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Fx Promo Chart of The Day 25-10-2016

Fx Promo Chart of The Day 25-10-2016
XAUUSD, “Gold vs US Dollar”

XAUUSD, Time Frame H4. Indicator signals: Tenkan-Sen and Kijun-Sen ran into one another inside Kumo Cloud (1). D Tenkan-Sen and D Kijun-Sen are still influenced by D “Dead Cross” (3). Ichimoku Cloud is moving upwards (2), Chinkou Lagging Span is above the chart, and the price is between D Tenkan-Sen and D Kijun-Sen, near Kumo’s upside border. Short‑term forecast: we can expect resistance from Senkou Span B, support from Senkou Span A, and growth of the price towards D Kijun-Sen.

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