Two times for now, GOLD wasn’t able to break resistance at 1375.00 (8/8). Tenkan-sen has cut Kijun-sen and Chikou span is below the chart, this could predict further declines. Nearest supports are located at Murrey lines 1335.94 and 1328.13. Only return above 1360.00 will cause that Tenkan-sen will follow to the last high.

You can read Ichimoku strategy description here.

GOLD

TRY IT NOW

Yesterday there was shallow correction at AUDUSD and it finished at Tenkan-sen 0.7522. Today the price is testing line 0.7629 (5/8). If support at 0.7579-0.7568 is defended, further movement will be upward to 0.7690 (6/8).

AUDUSD

Situation looks interesting at AUDCAD. Buy signal was generated July 1th and correction finished at Senkou Span B level. Currently support is at Tenkan-sen (6/8) 0.9905-09888. Target is located at line (8/8) 1.0010. If the price falls below mentioned area, downward movement will lead to Kijun-sen 0.9816.

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