Ichimoku cloud indicator analysis on Gold for March 21st, 2023.

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Gold price is trading around $1,950. Trend remains bullish but there are signs of vulnerability. Gold price has broken below the tenkan-sen (red line indicator) and is challenging the kijun-sen (yellow line indicator). The kijun-sen provides support at $1,947. A break below the kijun-sen will put pressure on Gold price and will most probably push it towards the cloud support (Kumo) at $1,900. Resistance by the tenkan-sen is found at $1,977. A break above this level will increase chances of a new upward wave above $2,000.

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