Ichimoku cloud indicator analysis on Gold for August 18th, 2022.

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.