GOLD XAU/USD is trading at the level of 1280. GOLD continues to trade above the upper boundary of the Cloud Ichimoku Kinko Hyo, which indicates the presence of a flat trend for Gold. Ichimoku Kinko Hyo Cloud near the level 1278 is expected to be tested near the level of 1278, from which it is expected to rebound and further development of the bullish trend for Gold with a fall near 1255.
GOLD prices forecast XAU/USD on November 8, 2017
Earlier, a signal of medium strength for buy of the GOLD was obtained, by crossing the signal lines at 1275 level. Gold’s growth options will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with a close below the 1265 area, indicating a shift in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations XAU/USD stands with a breakdown of the level of 1285.
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