GOLD XAU/USD is trading at 1286. GOLD is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in gold. Ichimoku Kinko Hyo signal line area test is near the 1280 level, from which it is expected to rebound and continue the development of the bullish trend in GOLD for the target of growth near the level of 1300.
GOLD prices forecast XAU/USD on December 29, 2017
An additional signal in favor of the growth of quotations will be the test of a bullish trend line. Earlier, we received a weak signal for buy of GOLD, due to crossing of the signal lines at the level of 1245. 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 1260, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations XAU/USD stands with a breakdown of the level of 1290.
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