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Ichimoku Indicator

28.06.202215:06 Forex Analysis & Reviews: Ichimoku cloud indicator analysis on Gold for Tuesday June 28th, 2022.

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Gold price remains under pressure. Price is around $1,821 and below both the tenkan-sen (red line indicator) and the kijun-sen (yellow line indicator). In Ichimoku cloud terms this confirms we are in a bearish trend. Resistance is at $1,836-41 and next at the lower cloud boundary at $1,859. The Chikou span (black line indicator) has moved below the candlestick pattern. This is an added bearish signal. All signs are negative for Gold. More downside is expected.

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