Gold XAU/USD is trading at the level of 1256.40. Gold continues to trade above the upper boundary of the Cloud Ichimoku Kinko Hyo, which indicates the presence of an upward trend in gold. GOLD is expected to fall to 1247.00, from which it is expected to attempt an increase and further development of the bullish trend for GOLD with a target to rising near the level of 1268.00.
Prices Gold forecast XAU/USD on July 25, 2017
Earlier, we received a weak signal for the buying of GOLD, due to the intersection of the signal lines at the level of 1216.50. Canceling the growth of Gold quotes will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the area of 1233.00, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations XAU/USD stands with the breakdown of the local maximum area at the level of 1263.00.
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