Gold XAU/USD is trading at the level of 1249.11. Gold is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in GOLD. It is expected to break through the lower boundary of the Ichimoku Kinko Hyo Cloud near the level of 1250.00, from which one should expect an attempt to fall and develop a bearish trend for Gold with a view to lower near the level of 1229.00.
GOLD forecast & analysis XAU/USD on June 28, 2017
Previously, a strong signal was received for the sale of Gold, due to the crossing of the signal lines at the level of 1247.40. The cancellation of the drop in Gold quotations will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 1263.00, indicating a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall of quotations XAU/USD is with the breakdown of the local minimum area at the level of 1234.00.
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