GOLD XAU/USD is trading at 1294. GOLD is trading above the upper boundary of the Cloud Ichimoku Kinko Hyo, indicating that there is a bullish trend in GOLD. Ichimoku Kinko Hyo signal line area test is near the level of 1285, 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 1310. An additional signal in favor of the growth of quotations will be the test of the lower boundary of the bullish channel.
GOLD prices forecast XAU/USD on January 1, 2018
Earlier, we received a weak signal for buy of the GOLD, due to the crossing of 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 1265, indicating a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations XAU/USD stands with the breakdown of the upper boundary of the channel and the closure above the level of 1300.
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