GOLD XAU/USD is trading at 1282. GOLD continues to trade above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in GOLD. Ichimoku Kinko Hyo Cloud is expected to be tested near the level of 1278, from which it is expected to rebound and continue the development of the bullish trend in Gold for the target of growth near the level of 1295.
GOLD prices forecast XAU/USD on November 16, 2017
Earlier, we received a weak signal for sell Gold, by crossing the signal lines at 1279. Canceling option the growth of Gold quotations will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with a closing below the area of 1273, which will indicate a shift in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations XAU/USD stands with a breakdown of the level of 1290.
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