Gold price as expected has reached the $1,900 resistance area. The Ichimoku cloud indicator confirms that the area around $1,900 is important cloud resistance and bulls will need to break above it, otherwise a rejection and move lower could be dangerous for the bullish case.
Gold price is below the Daily Kumo (cloud). This is a bearish sign. A rejection at the cloud would be a bearish sign. Support by the tenkan-sen (red line indicator) is found at $1,857 and next at the kijun-sen (yellow line indicator) at $1,830. A pull back towards these levels would be a gift for bulls and a buying opportunity. On the other hand bears do not want to see price break above the cloud. Breaking above the cloud would be an important win for bulls.
