GOLD is trading at 1333. XAU/USD is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in gold. Ichimoku Kinko Hyo signal line area test is near the 1330 level, from which it is expected to rebound and continue the development of the upward trend in Gold for the target of growth near the level of 1365. Earlier, we received a weak signal for sell of the GOLD, due to crossing of the signal lines at the level of 1331.
GOLD prices forecast XAU/USD on January 24, 2018
The cancellation of the growth of Gold quotations will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with a close below the area of 1320, which will indicate a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations XAU/USD stands with the breakdown of the upper limit of the model «Triangle» and closing above the level of 1340.
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