GOLD completes the trading week near the level of 1346. XAU/USD continues to trade above the upper boundary of the Cloud Ichimoku Kinko Hyo, which indicates the presence of a bullish trend in GOLD. Ichimoku Kinko Hyo signal line area test is near the level of 1335, from which it is expected to attempt a rebound and continue growth with the target near the level of 1385. An additional signal in favor of growth is the test of the lower boundary of the channel.
GOLD forecast XAU/USD on February 19 — 23, 2018
Earlier, we received a weak signal for the sell of GOLD, due to the crossing of the signal lines at 1335. The abolition of the growth of GOLD quotations will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with a close below the area of 1295, indicating a shift in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations XAU/USD is with a breakdown of the resistance level and closing above the area of 1355.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
