GOLD completes the trading week near the level of 1350. 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 1395.
GOLD forecast XAU/USD on January 29 — February 2, 2018
Earlier, a weak signal was obtained for buy of the GOLD, due to crossing of signal lines at 1266 level. breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with a close below the area of 1290, which indicates 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 1370.
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