GOLD is trading at 1358. XAU/USD is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in GOLD. Ichimoku Kinko Hyo signal line area test near the level of 1350 is expected, 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 1375. In support of growth, a test of the support level will perform.
GOLD prices forecast XAU/USD on February 19, 2018
Earlier, we received a weak signal for buy of GOLD, due to the crossing of signal lines at the level of 1320. The cancellation of the growth of Gold quotations will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with a close below the area of 1330, which indicates a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations XAU/USD stands with the breakdown of the resistance area and closing above the level of 1365.
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