GOLD XAU/USD completes the trading week near the level of 1302. GOLD 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 Cloud is expected near the level of 1285, from which it is expected to attempt a rebound and continue growth with the target near the level of 1345.
GOLD prices forecast XAU/USD on January 1 — 5, 2018
Earlier, we received a weak signal for the buy of the GOLD, due to the crossing of the signal lines at the level of 1266. The abolition of the growth of quotations of Gold will breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closure below the area of 1260, which indicates the shift of 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 1315.
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