Ichimoku Cloud Analysis 18.05.2017 (GBP/USD, GOLD)

GBP USD "Great Britain Pound vs US Dollar"

GBP USD, Time Frame Н4. Tenkan-Sen and Kijun-Sen have diverged in the Kumo Cloud and formed a "golden cross" (1), Ichimoku Cloud is rising after having narrowed (2), the Lagging Chinko Span is above the chart, the price is above the lines. Tenkan-Sen can offer a support for the price which can go higher.

GBP USD, Time Frame Н1. Tenkan-Sen and Kijun-Sen have merged over the Kumo and can diverge with a "golden cross" (1), Ichimoku Cloud is rising (2), the Lagging Chinkou Span holds above the chart, the price is above the lines. The price can be expected to go higher, then it can lower a little bit towards the cloud.

GOLD

XAU USD, Time Frame Н4. All the lines are pointing upwards, Tenkan-Sen and Kijun-Sen are still influenced by the "golden cross" (1), Kumo is rising (2) and widening, the Lagging Chinkou Span is above the chart. A support from the weekly Tenkan's line and a rise of the price can be expected.