GOLD XAU/USD is trading at 1275. GOLD continues to trade within the Ichimoku Kinko Hyo Cloud, indicating a flat trend over GOLD. The upper limit of Ichimoku Kinko Hyo Cloud is expected near the level of 1277, from which one should expect a rebound and further development of the bearish trend over Gold with a view to falling near the level of 1265.
GOLD prices forecast XAU/USD on November 3, 2017
Earlier, a weak signal was obtained for buy GOLD, by crossing the signal lines at 1273. Canceling the fall variant quotations of XAU/USD will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with a close above the area of 1280, indicating a change in the flat trend in favor of the upward. Expect to accelerate the fall in quotations XAU/USD stands with the breakdown of the lower boundary of the Cloud indicator and closing below the level of 1265.
