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Correction on gold stopped on (5/8)P 1140.63 line and top Kumo 1138.37. After breaching Kijun-sen 1134.35 support price of gold is near another important level Tenkan-sen 1120.14. Chikou Span is still above the chart what can bring some optimism to investors waiting for further gains of this commodity. What’s more Kumo changed to upper trend and Senkou Span B 120.55 is additional support for gold. Breaching this area will mean that price will go back to Kumo bottom and (3/8)P 1109.38 line.



Silver price is above all balance levels and Chikou Span is below the chart. Kumo is down and for increasing trend lacks only crossing Kijun-sen and Tenkan-sen. These lines create resistance area for silver price (14.80-14.84) and these support levels are set by next Murrey lines (5/8)P 14.45 and (4/8)P 14.06.



Yesterday there was full sell signal on platinum. Tenkan-sen crossed Kijun-sen, price bounced of Kumo bottom and came back below Tenkan-sen, which level now plays a role of resistance for a downtrend (956.58). Range of this trend is set by (1/8)P 906.25 and (0/8)P 875.00 lines.

You can read Ichimoku strategy description here.

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