GOLD is trading at 1328. XAU/USD is trading above the upper boundary of the Cloud Ichimoku Kinko Hyo, indicating that there is a bullish trend in GOLD. Ichimoku Kinko Hyo Cloud is expected to test near the 1325 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 1350.
GOLD prices forecast XAU/USD on January 15, 2018
Earlier, a strong signal was obtained for buy of GOLD, by crossing the signal lines at 1315. Canceling the option growth of GOLD quotations will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with a close below the area of 1300, which will indicate a shift in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations XAU/USD stands with a breakdown of the level of 1330.