GOLD

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You can read Ichimoku strategy description here.

Correction of bearish trend reached resistance area 1187.50-1189.29 set by (8/8)P line and Senkou Span B on the weekly chart. Today price stays below Tenkan-sen 1171.66, the break will be a buy signal set by three lines system (Price>Tenkan>Kijun>Senkou Span A). Next important resistance is at Kijun-sen from monthly chart 1243.67, if gold will break last tops from October 15th this year. This scenario remains actual as long as gold price stays above 1148.03-1145.09 area set by Kijun-sen and Senkou Span B on the daily chart.

SILVER

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Similar situation, maybe even more clear, we have on silver. Here price stays above bearish Kumo, what can indicate longer correction of last increases. The best scenario will be price going back to Kijun0sen 15.28 and here we should look for reversal of trend signals. We set SL below Senkou Span B 15.07 and the range should be 16.40 which is Kumo bottom from weekly chart.

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