FX.co ★ Ichimoku cloud indicator analysis on Gold for March 23, 2022.

Gold price is trading close to $1,950 having broken above the last two days highs, but still price mostly moves sideways over the last few sessions.

In Ichimoku cloud terms Gold remains in a bullish trend as price is still above the Kumo (cloud). However as we mentioned in a previous post, price is below the kijun-sen (yellow line indicator), recently the tenkan-sen (red line indicator) crossed below the kijun-sen, all these signals are showing that price is vulnerable to the downside. As long as price is below the kijun-sen, Gold will be vulnerable to a move lower.