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    Forex: Ichimoku Clouds. Review of XAU/USD on 08.04.2015

    Let’s look at the four-hour chart. Tenkan-sen line is above Kijun-sen, the blue line remains horizontal, while the red one is turning down. Chinkou Span line is above the price chart; current Kumo-cloud is ascending. After an abrupt rise, the pair is being corrected under Tenkan-sen line, which becomes a resistance level at 1210.90. The closest support level is Kijun-sen line (1202.31). 

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