GOLD XAU/USD is trading at 1286. GOLD continues to trade above the upper Ichimoku Kinko Hyo Cloud, which indicates the presence of an bullish trend in Gold. The upper limit of the Ichimoku Kinko Hyo Cloud is expected near the level of 1285, from which one should expect a 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 19, 2017
Earlier, a weak signal was received for the sell of Gold, by crossing the signal lines at 1294. Canceling the growth of quotations GOLD will be a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotes below the area of 1275, which will indicate a shift in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations XAU/USD stands with a breakdown of level 1306.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
