GOLD is trading at 1331. XAU/USD is trading below the lower boundary of the Cloud Ichimoku Kinko Hyo, indicating a bearish trend in GOLD. Ichimoku Kinko Hyo Cloud is expected to test near the 1335 level, from which it is expected to rebound and continue the development of a bearish trend in GOLD for a fall near the 1300 level. An additional signal in favor of the fall of the pair is the resistance level test.
GOLD prices forecast XAU/USD on February 26, 2018
Earlier, a weak signal was received for the sell of Gold, due to the crossing of signal lines at the level of 1340. Canceling the option of dropping Gold quotes will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with a close above the area of 1345, indicating a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations XAU/USD stands with the breakdown of the bottom of the bullish channel and closing below the level of 1310.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
