Yep, that looks like where your clunk is coming from. Just put some PB blaster on there a few days before as there has been people who have tried to remove the nuts and have twisted them completely off, or have broke the stud off from it rusting through the wheel well. Just a WARNING.
2001 Mazda Millenia 2.5L Champagne Silver Mica 190,000 miles
2002 BMW 530iA Sterling/black 95,000 miles
2006 Volvo XC70 Blue 136,000 miles
2001 Mazda Millenia 2.5L Brilliant Black 213,000 miles - SOLD
1993 Mazda 626 2.5L ATX 235,000 miles - SOLD