GOLD is trading at 1340. XAU/USD is trading above the upper boundary of the Cloud Ichimoku Kinko Hyo, indicating that there is a bullish trend in GOLD. The Ichimoku Kinko Hyo signal line area test is expected near the 1330 level, from which it is expected to rebound and continue the development of the bullish trend for GOLD with a target to growth near the level of 1380.
GOLD prices forecast XAU/USD on January 19, 2018
An additional signal in favor of growth will be a test of the support level. Earlier, a strong signal was obtained for buy of GOLD, by crossing the signal lines at the level of 1315. The abolition of the growth of GOLD quotations will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with a close below area 1310, which will indicate a shift in 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 1350.
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