GOLD XAU/USD is trading at the level of 1259.90. GOLD is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating that there is an bullish trend in Gold. It is expected to test the area of signal lines near the level of 1252.0, from which one should expect an attempt of growth and development of a bullish trend for GOLD near the level 1275.00.
XAU/USD prediction Gold Price on May 23, 2017
Earlier, we received a weak signal for buy of GOLD, due to the crossing of signal lines at the level of 1225.00. The cancellation of the growth of Gold quotations will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the area of 1235.00, which will indicate a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations XAU/USD stands with the breakdown of the local maximum area at the level of 1269.00.
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