GOLD completes the trading week near the level of 1333. XAU/USD continues to trade above the upper boundary of the Cloud Ichimoku Kinko Hyo, which indicates the presence of an upward trend in GOLD. Ichimoku Kinko Hyo signal line area test is near the level of 1315, from which it is expected to attempt a rebound and continue growth with the target near the level of 1375. An additional signal in favor of the growth of the Gold price will be a test of the level of support.
GOLD prices forecast XAU/USD on January 22 — 26, 2018
Earlier, we received a weak signal for buy of the GOLD, due to crossing of the signal lines at the level of 1266. The cancellation of the variant of the Gold quotations growth will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing below the area of 1270, which will indicate a change 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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