Don't Ignore This Chart

Gold Bounces off Ichimoku Cloud

Spot Gold ($GOLD) declined sharply and then found support right at the Ichimoku Cloud with a bounce the last two days. The bulls grabbed the edge with the cloud breakout in January and hold the edge as long as cloud support holds. Watch for a move above the Conversion Line (blue) for a bullish signal.  You can read more on Ichimoku in our ChartSchool.

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