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Forex: Ichimoku Clouds. Review of XAU/USD on 12.03.2015

Let’s look at the four-hour chart. Tenkan-sen line is below Kijun-sen, they are both horizontal. Chinkou Span line is below the price chart; current Kumo-cloud is descending. The pair is being corrected above Tenkan-sen line once again. The red line becomes a support level (1156.80). 

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