GOLD XAU/USD is trading at 1292. GOLD is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an bullish trend. Ichimoku Kinko Hyo signal line area test near 1287 level is expected, from which it is expected to rebound and continue the development of the bullish trend over GOLD for the target of growth near the level of 1305.
GOLD prices forecast XAU/USD on November 24, 2017
Previously, a strong signal was obtained for buy Gold, by crossing signal lines at level 1285. Canceling option growth of Gold quotations will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with a closing below the area of 1275, indicating a change in the bullish trend in favor of the bearish trend and the continuation of the fall. Expect to accelerate the growth of quotations XAU/USD stands with a breakdown of the level of 1295.
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