Gold XAU/USD is trading at 1299. Gold continues to trade below the lower boundary of the Cloud Ichimoku Kinko Hyo, indicating a bearish trend in GOLD. Gold is expected to increase to the level of 1308, from which it is expected to try to drop and further develop the bearish trend for gold with a target to reducing it near the level of 1280.
Gold Price Forecast XAU/USD on September 22, 2017
Earlier, a strong signal was obtained for GOLD sales, at the expense of crossing the signal lines at 1323 level. there will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 1335, which indicates a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations XAU/USD stands with the breakdown of the local minimum area at the level of 1290.