GOLD XAU/USD completes the trading week near the level of 1320. 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 signal line area test is near the level of 1305, from which it is expected to attempt a rebound and continue growth with the target near the level of 1355. An additional signal for the growth of the GOLD price will be a test of the level of support.
GOLD prices forecast XAU/USD on January 8 — 12, 2018
Earlier, we received a weak signal for buy of GOLD, due to crossing of the signal lines at the level of 1266. The cancellation of the variant of the Gold quotations growth will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing below the area of 1270, which will indicate the change 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 1330.