FX.co ★ Ichimoku cloud indicator analysis on Gold for February 14th, 2023.

Gold price is trading around $1,865. In the 4 hour chart trend remains bearish according to the Ichimoku cloud indicator. The kijun-sen (yellow line indicator) at $1,866 is short-term resistance. The Ichimoku cloud is at $1,892 and as long as price is below this level, trend remains bearish. The tenkan-sen (red line indicator) provides support at $1,856. A break below this level will open the way for a move lower towards $1,825. The Chikou span (black line indicator) remains below the canldestick pattern confirming that trend is bearish in the 4hour chart.