GOLD is trading at 1331. Gold is traded within the Ichimoku Kinko Hyo Cloud, indicating a flat trend over GOLD. Ichimoku Kinko Hyo Cloud near the 1330 level is expected to be near the level of 1330, 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 1360.
GOLD prices forecast XAU/USD April 5, 2018
An additional signal in favor of XAU/USD growth will be a test of the support area. Earlier, a signal of medium strength for buy GOLD was obtained, due to the crossing of signal lines at level 1337.
Canceling the growth of Gold quotations will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with a close below area 1320, which indicates a change in the flat 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 Cloud Ichimoku Kinko Hyo and the closing above the level of 1340.
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