GOLD completes the trading week near the level of 1328. 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. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the level of 1320, 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 lower bound of the «Triangle» model.
GOLD forecast XAU/USD on February 26 — March 2, 2018
Earlier, a strong signal was received for the buy of GOLD, due to the crossing of the signal lines at 1337. The abolition of the growth of GOLD quotations will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with a closing below the area of 1300, which will indicate a change 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 1360.
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