Gold XAU/USD is trading at the level of 1265.44. Gold broke through the Ichimoku Kinko Hyo Cloud and began to trade below its lower limit, indicating a bearish trend in GOLD. The test of the lower boundary of Ichimoku Kinko Hyo Cloud near the level of 1272.00 is expected, from where one should expect a fall attempt and the development of a bearish trend for Gold near the level of 1244.00.
Gold prices forecast XAU/USD on June 13, 2017
Earlier, we received a weak signal for the sale of GOLD, due to the crossing of the signal lines at 1282.00. The cancellation of the variant of falling Gold quotes will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 1282.00, which will indicate the change of the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations XAU/USD is with the breakdown of the local minimum area at 1248.00.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
