empty
 
 
06.06.2022 03:47 PM
Ichimoku cloud indicator analysis on Gold for June 6, 2022.

Gold price is trading above $1,850. Price is in a neutral trend according to the Ichimoku cloud indicator. Price has recently broken inside the Kumo (cloud) turning trend to neutral. Price is vulnerable to a move lower towards $1,840 and lower as long as price is below $1,855.

This image is no longer relevant

Price has broken below the tenkan-sen (red line indicator). This is the first sign of weakness. Support is now found at $1,850 by the kijun-sen (yellow line indicator). Bulls need to defend $1,850 as a break below it will open the way for a move towards $1,840 at least. Bulls need to push price out of the cloud once again. For this to happen they will need to push price above $1,855. The Chikou span (black line indicator) remains under pressure as it is located below the candlestick pattern.
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback