GOLD XAU/USD is trading at 1294. Gold is trading above the upper boundary of the Cloud Ichimoku Kinko Hyo, indicating that there is a bullish trend in gold. The Ichimoku Kinko Hyo signal line area test is expected near the level of 1290, from which it is expected to rebound and continue the development of the upward trend over GOLD for the target of growth near the level of 1306.
GOLD prices forecast XAU/USD on November 30, 2017
Previously, a strong signal was obtained for buy of the GOLD, by crossing the signal lines at 1285 level. growth of Gold quotations will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with a close below the area of 1280, indicating a shift in the bullish trend in favor of the bearish trend and the continuation of the fall. Expect to accelerate the growth of quotations XAU/USD stands with a breakdown of level 1302.
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