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    Forex: Ichimoku Clouds. Review of XAU/USD on 16.07.2015

    Let’s look at the four-hour chart. Tenkan-sen line is below Kijun-sen, the red line is directed downwards, while the blue one remains horizontal. Such image reflects a slowdown of the Bearish movement. Confirmative Chinkou Span line is below the price chart; current Kumo-cloud is descending. The closest resistance level is Tenkan-sen line (1149.48). One of the previous minimums of Chinkou Span line is expected to be a support level at 1132.55.

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