GOLD is trading at 1323. XAU/USD is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in GOLD. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the 1320 level, from which it is expected to rebound and continue the development of the bullish trend in Gold for the purpose of growth near the level of 1340.
GOLD prices forecast XAU/USD on March 14, 2018
An additional signal in favor of the growth of XAU/USD will be a test of the level of support. Earlier, we received a weak signal for the sell of GOLD, due to the crossing of the signal lines at the level of 1328.
Canceling the growth option for Gold quotes will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with a close below area 1310, which indicates 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 resistance area and closing above the level of 1345.
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