FX.co ★ Ichimoku cloud indicator analysis on Gold for December 13th, 2022.

Gold price remains in a bullish trend. Price continues to respect the cloud support as it recently tested it at $1,780. So far price respected the Kumo and price is slowly moving above the tenkan-sen (red line indicator). This is a short-term bullish signal. The Chikou span (black line indicator) is also above the candlestick pattern (bullish). The 4 hour Ichimoku cloud chart of Gold continues to support the bullish case. There is no sign of a reversal or sign of weakness. On the contrary we see Gold price providing a new bullish signal as price is breaking above the tenkan-sen and the kijun-sen (yellow line indicator). Trend remains bullish as long as price is above the Kumo.