GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are under pressure of “Dead Cross”(1); Tenkan-Sen is moving upwards, Kijun-Sen and Senkou Span A are directed downwards, Senkou Span B is horizontal. Ichimoku Cloud is still going down, Chinkou Lagging Span is below the chart, and the price is in the channel between Tenkan-Sen and Kijun-Sen. Short‑term forecast: we can expect resistance of Kijun-Sen, support of Tenkan-Sen, and the price to grow up towards the cloud.GBPUSD, Time Frame Н1 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Golden Cross” (1); Senkou Span B is horizontal, other lines are directed upwards. Ichimoku Cloud is going up (2), Chinkou Lagging Span is above the chart, and the price is inside Kumo Cloud. Short‑term forecast: we can expect resistance of Senkou Span B and support of Kijun-Sen.

GOLD

XAUUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Golden Cross” (1); Senkou Span B is directed downwards, other lines are horizontal. Ichimoku Cloud is almost closed (2), Chinkou Lagging Span is above the chart, and the price is below the lines. Short‑term forecast: we can expect support of Tenkan-Sen – Senkou Span B.

XAUUSD, Time Frame Н1 – Indicator signals: Tenkan-Sen and Kijun-Sen are under pressure of “Golden Cross” (1); Tenkan-Sen and Senkou Span A are directed downwards, other lines are horizontal. Ichimoku Cloud is going up, Chinkou Lagging Span is above the chart, and the price is on Tenkan-Sen. Short‑term forecast: we can expect support of Senkou Span A.

This Market Analysis is reproduced here with permission from RoboForex’s Analytical Department. Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading.