XAU/USD is trading at 1276. GOLD is trading below the lower boundary of the Cloud Ichimoku Kinko Hyo, indicating a bearish trend in gold. Ichimoku Kinko Hyo Cloud is expected to be tested near the 1278 level, from which it is expected to rebound and continue the development of the bearish trend for Gold with a view to lower near the level of 1265.
GOLD prices forecast XAU/USD on November 22, 2017
Earlier, a strong signal was obtained for buy 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 a bullish and continued growth. Expect to accelerate the fall in quotations XAU/USD is with a breakdown of the level of 1270.
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