03.03.202215:18 Forex Analysis & Reviews: Ichimoku cloud indicator analysis on Gold for March 3, 2022.

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Gold price continues to trade above the Ichimoku cloud in the 4 hour chart. Short-term trend remains bullish. So far price has tested the cloud support several times and bulls have managed to keep price above it.

Gold price is also above both the tenkan-sen (red line indicator) and the kijun-sen (yellow line indicator). This is another sign confirming bullish trend. Support by the cloud is at $1,925-$1,908. As long as price is above this area, bulls continue to hope for a move to new highs. The Chikou span (black line indicator)is above the candlestick supporting the bullish trend. No sign of weakness according to the Ichimoku cloud indicator.

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