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23.12.202118:16 Forex Analysis & Reviews: Ichimoku cloud indicator analysis on Gold for December 23, 2021.

Gold price is above the 4 hour Kumo (cloud). Price has broken above both the tenkan-sen and kijun-sen indicators providing a new bullish signal. As long as price holds above the cloud, we remain bullish in the 4 hour chart.

Exchange Rates 23.12.2021 analysis

Support by the tenkan-sen (red line indicator) is at $1,797. Support by the kijun-sen (yellow line indicator) is at $1,799. Bulls need to defend this area. If and when the tenkan-sen crosses above the kijun-sen, we will have an added bullish signal. Short-term trend is bullish as long as price is above $1,790. Below that level it turns neutral and below $1,783 it turns bearish.

*Analisis pasar yang diposting disini dimaksudkan untuk meningkatkan pengetahuan Anda namun tidak untuk memberi instruksi trading.

Alexandros Yfantis,
Analytical expert of InstaSpot
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