FX.co ★ Ichimoku cloud indicator analysis on Gold for June 21st, 2022.

Decreased volatility at the beginning of the week for Gold prices. Gold continues to trade above $1,830 and below $1,860. There is no clear direction from the last few sessions as price mostly moves sideways. There is a confluence of resistance at the $1,841 level where we find both the tenkan-sen (Red line indicator) and the kijun-sen (yellow line indicator). Next major resistance is at $1,870 where we find the lower cloud boundary. Support is found at $1,804-25 zone. Failure to stay above this zone will lead price to new lows below $1,790.