FX.co ★ Ichimoku cloud indicator analysis on Gold for November 15, 2021.

Gold continues to trade above $1,850. Price continues making higher highs and higher lows as price remains above both the tenkan-sen and kijun-sen indicators.

The tenkan-sen (red line indicator) support is at $1,857. The kijun-sen (yellow line indicator) is at $1,843. The kijun-sen is the most important short-term support. If this fails to hold I expect price to move towards the cloud support at $1,805-$1,820. Trend is bullish according to the Ichimoku cloud indicator and there is no sign of a reversal.