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

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.

*这里的市场分析是为了增加您对市场的了解,而不是给出交易的指示。

Alexandros Yfantis,
Analytical expert of InstaSpot
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