FX.co ★ 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.

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.