GOLD is trading at 1324. Gold is traded within the Ichimoku Kinko Hyo Cloud, which indicates a lateral trend over Gold. Ichimoku Kinko Hyo Cloud is expected to test near the 1320 level, from which it is expected to rebound and continue the development of the bullish trend for GOLD with a target to growth near the level of 1350.
GOLD prices forecast XAU/USD on March 16, 2018
An additional signal in favor of the growth of XAU/USD will be a test of the level of support. Earlier, a signal of medium strength for buy GOLD was obtained, due to the crossing of signal lines at the level of 1321.
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 flat 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 1330.
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