GOLD XAU/USD is trading at 1287. GOLD continues to trade above the upper Ichimoku Kinko Hyo Cloud, which indicates the presence of an bullish trend in GOLD. The Ichimoku Kinko Hyo indicator cloud is expected near the level of 1290, from which it is expected to rebound and further development of the bullish trend for Gold with a target near the level of 1315.
GOLD prices forecast XAU/USD on October 13, 2017
Earlier, we received a weak signal for buy GOLD, due to crossing of the signal lines at the level of 1270. Canceling the option growth of quotations of Gold will be a breakdown of the lower boundary of the Cloud Ichimoku Kinko Hyo with the closing of quotations below the area of 1270, which indicates the change 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 1295.