18.08.202223:38 Forex Analysis & Reviews: Ichimoku cloud indicator analysis on Gold for August 18th, 2022.

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Gold price as can be seen in the Daily chart above, got rejected at the Kumo (cloud) resistance and is moving lower towards the daily Kijun-sen (yellow line indicator) at $1,743. Trend remains bearish. If price breaks below the kijun-sen we will get another bearish signal. As long as price is below the Kumo we remain bearish.

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