Gold XAU/USD is trading at 1282. 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 1295, from which it is expected to rebound and further develop the bearish trend for Gold with a view to lower near the level of 1250.
Gold prices forecast XAU/USD on September 29, 2017
Earlier, a strong signal was obtained for the sell GOLD, by crossing the signal lines at 1295 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 with a breakdown of the level of 1280.