Ichimoku Cloud Analysis 22.05.2017 (GBP/USD, GOLD)

GBP USD "Great Britain Pound vs US Dollar"

GBP USD, Time Frame Н4. The "golden cross" (1) still influences the market, Ichimoku Cloud is rising (2), the Lagging Chinkou Span is above the chart, the price is on Tenkan-Sen. The daily Senkan line can act as a support, the price can climb further.

GBP USD, Time Frame Н1. Tenkan-Kijun has diverged over the Kumo Cloud and formed a "dead cross" (1), Ichimoku Cloud is rising (2), the Lagging Chinkou Span holds on the chart, the price is moving within the channel Tenkan-Kijun. A resistance from Kijun-Sen and a correction movement can be expected.

GOLD

XAU USD, Time Frame Н4. Tenkan-Sen and Kijun-Sen is still being influenced by the "golden cross" (1), Tenkan-Sen has turned upwards, Kumo keeps rising (2), the Lagging Chinkou Span is above the chart, the price holds under the lines. The weekly Tenkan line can offer a support; the rise can climb further.