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18.08.202223:38 Forex Analysis & Reviews: Ichimoku cloud indicator analysis on Gold for August 18th, 2022.

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Exchange Rates 18.08.2022 analysis

Gold price as can be seen in the Daily chart above, got rejected at the Kumo (cloud) resistance and is moving lower towards the daily Kijun-sen (yellow line indicator) at $1,743. Trend remains bearish. If price breaks below the kijun-sen we will get another bearish signal. As long as price is below the Kumo we remain bearish.
Alexandros Yfantis
Analytical expert of InstaForex
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