Gold prices forecast XAU/USD on September 28, 2017


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Gold XAU/USD is trading at 1293. Gold continues to trade below the lower boundary of the Cloud Ichimoku Kinko Hyo, indicating a bearish trend in GOLD. The Ichimoku Kinko Hyo indicator cloud is expected near the level of 1304, from which it is expected to rebound and further develop the bearish trend over GOLD with a target to reducing it near the level of 1270.

Gold prices forecast XAU/USD on September 28, 2017

Gold prices forecast XAU/USD on September 28, 2017

Earlier, a strong signal was obtained for sell Gold, by crossing the signal lines at 1323 level. the variant of falling Gold quotes will become a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of ​​1315, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall of quotations XAU/USD is worth a breakdown level 1288.

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