GOLD is trading at 1332. 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 level of 1325, from which it is expected to rebound and continue the development of the upward trend in XAU/USD for the target of growth near the level of 1350.
GOLD prices forecast XAU/USD on March 23, 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 buy of GOLD, due to the crossing of signal lines at the level of 1315.
Canceling the growth of Gold quotations will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with a close below area 1312, which indicates a change in the bullish trend in favor of the 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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