GOLD XAU/USD is trading at 1274. Gold continues to trade within the Ichimoku Kinko Hyo Cloud, which indicates a flat trend over GOLD. Ichimoku Kinko Hyo Cloud is expected to test near the level of 1275, from which it is expected to rebound and further development of the decline in Gold for a fall near the level of 1250.
GOLD prices forecast XAU/USD on November 9, 2017
Earlier, a signal of medium strength for buy GOLD was obtained, by crossing the signal lines at the level of 1275. 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 flat trend in favor of the bullish trend. Expect to accelerate the fall in quotations XAU/USD is the breakdown of the bottom of the model «Triangle» and closing below the level of 1265.
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