Ichimoku Cloud Analysis 16.12.2013 (GBP/USD, GOLD)
16.12.2013
Analysis for December 16th, 2013
GBP/USD
GBPUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen intersected above Kumo Cloud and formed “Dead Cross” (1); all lines are horizontal. Ichimoku Cloud is going down (2), Chinkou Lagging Span is below the chart, and price is inside Kumo Cloud. Short‑term forecast: we can expect resistance from Kijun-Sen – D Tenkan-Sen, and attempts of the price to stay above Kumo. 
GBPUSD, Time Frame H1 – Indicator signals: Tenkan-Sen and Kijun-Sen are close to each other below Kumo Cloud (1). Tenkan-Sen and Senkou Span A are directed upwards. Ichimoku Cloud is going down (2); Chinkou Lagging Span is close to the chart. Short‑term forecast: we can expect price to move towards H4 Kijun-Sen.
GOLD
XAUUSD, Time Frame H4 – Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1); all lines are horizontal. Ichimoku Cloud is going up (2), Chinkou Lagging Span is below the chart. Short‑term forecast: we can expect descending movement to continue.
XAUUSD, Time Frame H1 – Indicator signals: Tenkan-Sen and Kijun-Sen influenced by “Golden Cross” (1); Tenkan-Sen and Senkou Span A along with Ichimoku Cloud (2), which are directed downwards, indicate possible descending movement. Short‑term forecast: support from Kijun-Sen – Senkou Span A is unlikely to let the price stay below the lines.
RoboForex Analytical Department
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Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.