GOLD XAU/USD is trading at 1280. Gold continues to trade below the lower boundary of the Cloud Ichimoku Kinko Hyo, indicating a bearish trend in GOLD. Ichimoku Kinko Hyo Cloud is expected to break near 1282, from which we should expect a rebound and a further development of the bearish trend for Gold with a target near the level of 1260.
GOLD prices forecast XAU/USD on October 25, 2017
Earlier, we received a weak signal for the sell of GOLD, by crossing the signal lines at 1294. Canceling the variant of falling quotations Gold will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with a close above the area of 1290, indicating a bearish trend in favor of an bullish trend. Expect to accelerate the fall in quotations XAU/USD is with a breakdown of the level of 1270.
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