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15.06.202214:16 Forex Analysis & Reviews: Ichimoku cloud indicator analysis on Gold for June 15, 2022.

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Exchange Rates 15.06.2022 analysis

Gold price remains in a bearish trend as price continues to trade below the Kumo (cloud). Price has made a low just above $1,800 and is now bouncing higher. Gold price is now at $1,830 challenging the short-term resistance by the tenkan-sen (red line indicator) and the kijun-sen (yellow line indicator). Resistance by the kijun-sen is at $1,832.50 and by the tenkan-sen at $1,841. The cloud resistance is at $1,895 and as long as price is below this level, Gold will remain vulnerable.

Alexandros Yfantis
Analytical expert of InstaForex
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