Relevance up to 15:00 2022-06-29 UTC+2 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
Gold price remains under pressure. Price is around $1,821 and below both the tenkan-sen (red line indicator) and the kijun-sen (yellow line indicator). In Ichimoku cloud terms this confirms we are in a bearish trend. Resistance is at $1,836-41 and next at the lower cloud boundary at $1,859. The Chikou span (black line indicator) has moved below the candlestick pattern. This is an added bearish signal. All signs are negative for Gold. More downside is expected.
