GOLD XAU/USD is trading at 1276. GOLD continues to trade within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend for GOLD. The upper limit of Ichimoku Kinko Hyo Cloud is expected near the level of 1277, from which one should expect a rebound and a further development of the bearish trend over Gold with a view to falling near the level of 1255.
GOLD prices forecast XAU/USD on November 6, 2017
Earlier, a weak signal was obtained for the buy GOLD, by crossing the signal lines at 1273. Canceling the fall variant quotations of Gold will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with a close above the area of 1285, indicating a change in the flat trend in favor of the bullish trend. 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.
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