Gold XAU/USD is trading at 1310. Gold continues to trade below the lower boundary of the Cloud Ichimoku Kinko Hyo, indicating a bearish trend in GOLD. Ichimoku Kinko Hyo indicator cloud is expected near the level of 1315, from which it is expected to rebound and further develop the bearish trend for Gold with a target to lower near the level of 1275.
Gold prices forecast XAU/USD on September 26, 2017
Earlier, a strong signal was obtained for sell Gold, due to crossing of signal lines at 1323 level. variant of the drop in Gold quotations will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 1318, which indicates a change in the bearish trend in favor of the bullish. Expect to accelerate the fall of quotations XAU/USD is worth a breakdown level 1288.
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