30.12.202112:08 Forex Analysis & Reviews: Ichimoku cloud indicator analysis on Gold for December 30, 2021.

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Gold price ends the year being in a neutral Daily trend according to the Ichimoku cloud indicator. With no real progress during the 2021 year, Gold price has mostly been moving sideways. In the Daily chart Gold price is inside the Kumo and bulls need to show more signs of strength in order to regain control of the trend.

A daily close below $1,798 would be a bearish sign as price would exit the cloud from below. The kijun-sen (yellow line indicator) is at $1,785 and breaking below it would be an even stronger sell signal. Because price is mostly moving sideways, breaking below the kijun-sen would be more important than breaking below the cloud. If however bulls were to recapture the $1,823 level on a daily basis, then would have made a big step in reclaiming control of the trend.

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