GOLD XAU/USD is trading at 1317. GOLD is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Gold. The Ichimoku Kinko Hyo signal line area test is expected near the level of 1310, from which it is expected to rebound and continue the development of the upward trend in Gold for the target of growth near the level of 1335.
GOLD prices forecast XAU/USD on January 4, 2018
Earlier, a weak signal was obtained for buy of GOLD, due to crossing of signal lines at 1245 level. the 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 1280, which will indicate a change in the bullish trend in favor of a 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 1320.