GOLD XAU/USD completes the trading week near the level of 1279. GOLD continues to trade below the lower boundary of the Cloud Ichimoku Kinko Hyo, which indicates the presence of a bearish trend in GOLD. Ichimoku Kinko Hyo Cloud near the 1285 level is expected to be near the level of 1285, from which it is expected to attempt a fall with a target near the level of 1225. An additional signal in favor of falling quotes will be the test of the lower boundary of the bearish channel.
GOLD prices forecast XAU/USD on October 23 — 27, 2017
Earlier, we received a weak signal for the sell of GOLD, due to the crossing of the signal lines at the level of 1315. The cancellation of the variant of falling Gold quotes will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with a close above area 1305, which indicates a change in the bearish trend in favor of the bullish. Expect to accelerate the fall in quotations XAU/USD is with a breakdown of the level of 1265.
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