GOLD XAU/USD is trading at 1272. Gold continues to trade below the lower boundary of the Cloud Ichimoku Kinko Hyo, indicating a bearish trend in GOLD. Ichimoku Kinko Hyo Cloud near the 1275 level is expected to be near the level of 1275, from which it is expected to rebound and continue the development of a downward trend for Gold with a view to falling near the level of 1265.
GOLD prices forecast XAU/USD on November 15, 2017
Earlier, we received a weak signal for the sell of GOLD, by crossing the signal lines at 1279. Canceling the option the drop in GOLD quotes will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with a close above the area of 1285, which indicates a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations XAU/USD is with a breakdown of the level of 1265.
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