Ichimoku cloud indicator analysis of Gold for April 18, 2018

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Gold price continues to trade sideways below the short-term resistance of $1,350. Support at $1,338-40 is very important for the short term. I'm expecting another leg down towards $1,300 as the most probable scenario. Only a break above $1,365 will cancel this view and automatically make me bullish looking for a move towards $1,400-$1,430.

Forecast and technical analysis EURUSD on April 13, 2018.

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EURUSD: decline awaits the euro in Europe

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On Thursday the 12th of April, trading on the EURUSD pair closed down. As US president Trump dialed down his rhetoric on Syria, the US dollar got a boost along with US stocks and bond yields. Trump also mentioned that trade talks between Washington and Beijing are going well, which provided additional support to the dollar.

Ichimoku cloud indicator analysis of Gold for April 13, 2018

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Gold price continued with its pull back yesterday towards $1,330 while now is trading around the key level of $1,340. In Ichimoku cloud terms, trend remains bullish in the short-term as the price is again above the cloud. However, the rejection at the long-term resistance and the ugly intraday reversal was a major weakness sign that could have longer-term bearish implications.

Forecast and technical analysis EURUSD on April 12, 2018.

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EURUSD: 1.2338 – 1.2345 to provide strong support

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On Wednesday the 11th of April, trading on the EURUSD pair closed slightly up. The pair spent most of its time hovering around the 135th degree at 1.2380. Markets swung in all directions as they braced themselves for a potential strike in Syria by the US, France, or Germany. It’s been 48 hours, but Trump has yet to make the decision to strike. The euro slid against the dollar from 1.2396 to 1.2347 after the FOMC minutes were published.

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