GOLD s trading at 1327. XAU/USD is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in GOLD. The Ichimoku Kinko Hyo signal line area test is expected near the level of 1325, 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 1370.
GOLD prices forecast XAU/USD on January 22, 2018
An additional signal in favor of growth will test the level of support. Earlier, a weak signal was received for the sell of GOLD, due to the crossing of the signal lines at the level of 1331. The cancellation of the growth of Gold quotations will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with a close below area 1315, which will indicate a shift in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations XAU/USD stands with a breakdown of the level of 1345.
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