GOLD is trading at 1313. GOLD is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in GOLD. Ichimoku Kinko Hyo Cloud is expected to test near the 1310 level, from which it is expected to rebound and continue the development of the upward trend for GOLD with a target to rising near the level of 1350.
GOLD prices forecast XAU/USD on January 11, 2018
Earlier, we received a weak signal for the sell of GOLD, due to crossing of the signal lines at 1315. Canceling the option growth of GOLD quotations will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with a close below the area of 1290, which indicates a shift 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 upper limit of the model «Triangle» and the closure above the level of 1325.