Tuesday, January 26, 2016

Gold Analysis, Ichimoku Trading Strategy as at January 26, 2016

Gold Price Analysis Using the Ichimoku Trading Strategy Will Not Be Positive.

The Tenkan sen (red) has crossed up over the Kijun sen (blue) as if to give a bullish signal.


And as you can see, price has moved up, met resistance and fallen back.

The Kumo (Ichimoku Cloud) is very thick at this time and will not be a great place to initiate a trade entry.

The light blue dotted lines are marking support and resistance derived from the Chikou Span (green line) and are historic, marking places of support and resistance from the past 20 years.

The Ichimoku Kinko Hyo Trading Strategy has five components and each of those measures support and resistance making thios a very reliablke system for entering and managing trades.

Here is a 15 minute chart which shows the recent price action, the rise and then the retreat.


Traders entering on the 15 minute chart would have had what looks to be a good entry as the price came out of the cloud and crossed above the Kijun sen.

The Ichimoku Kinko Hyo Trading Strategy can be best described as a conservative trend following system.

More on Ichimoku Kinko Hyo on this page.... click here

I have gathered some articles, you will see many different opinions in these, the market is volatile and uncertain. Nothing is guaranteed. As today progresses there may be a further increase in price based on economic announcements. Later in the week is a lot of news about the US economy which may well have great effect on gold prices.

Gold Prices Today Are Up – Can They Stay There? - Money Morning
Mon, 25 Jan 2016 16:26:14 GMT
prices today are enjoying a bump from investors seeking refuge from global marke t volatility. Equities have suffered badly. Fears of an economic slowdown in China and dramatically lower oil prices appear to be the most blameworthy signals. Globalᅠ...

Gold Prices 'Target $1200' Ahead of Fed, 'Paper Shorts' Battle 'Robust Demand, Falling Supply' - BullionVault
Mon, 25 Jan 2016 14:16:50 GMT
GOLD PRICES edged higher on Monday morning in London, writes Steffen Grosshauser at BullionVault, holding close to a 7-session high at $1107 per ounce as a rebound in Asian stockmarkets faded in European and pre-US trade ahead of this week'sᅠ...

Gold prices rebound on global cues to Rs 26445 - Economic Times
Mon, 25 Jan 2016 12:59:00 GMT
Spot gold rose 0.5 percent to USD 1,103.35 an ounce in early trade, extending a near one percent increase made last week, when investor appetite for risk evaporated on worries China's economic growth is slowing down, while Spot silver rose 0.9 percent ...

Is gold headed for $1200 per ounce? - gulfnews.com
Tue, 26 Jan 2016 07:15:23 GMT
Dubai: After incurring serious declines in 2015, gold seems to have regained its strength, with retail prices in Dubai soaring by nearly 5 per cent since early this month. In the international market, the precious metal hit $1,111.26 on Tuesday, the ...

No comments:

Post a Comment

Newer Post Older Post Home