Ichimoku Cloud Analysis 17.12.2013 (GBP/USD, GOLD)
17.12.2013
Analysis for December 17th, 2013
GBP/USD
GBPUSD, Time Frame H4. Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1); Tenkan-Sen is moving upwards. Ichimoku Cloud is going down (2), Chinkou Lagging Span is below the chart, and price is still inside Kumo Cloud. Short‑term forecast: price is expected to grow up towards resistance from Kijun-Sen – D Tenkan-Sen. 
GBPUSD, Time Frame H1. Tenkan-Sen and Kijun-Sen intersected inside Kumo Cloud and formed “Dead Cross”(1). Ichimoku Cloud is going up (2); price is supported by H4 Senkou Span A. Short‑term forecast: price is expected to grow up towards H4 Kijun-Sen.
GOLD
XAUUSD, Time Frame H4. Tenkan-Sen and Kijun-Sen are influenced by “Dead Cross” (1); all lines are horizontal. Ichimoku Cloud is going up (2). Short‑term forecast: we can expect support from Tenkan-Sen – Kijun-Sen – Senkou Span B and ascending movement of the price.
XAUUSD, Time Frame H1 – Indicator signals: Tenkan-Sen and Kijun-Sen are influenced by “Golden Cross” (1); Tenkan-Sen is directed upwards. Ichimoku Cloud is going up (2), Chinkou Lagging Span is above the chart, and price is above 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.