GOLD prices forecast XAU/USD for April 2, 2018


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GOLD is trading at 1324. XAU/USD is traded at the lower upper bound of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in GOLD. Ichimoku Kinko Hyo Cloud is expected to test near the 1330 level, from which it is expected to rebound and continue the development of a bearish trend in Gold with a view to falling near the level of 1300.

GOLD prices forecast XAU/USD for April 2, 2018

An additional signal in favor of the fall of XAU/USD will be a test of the resistance level, as well as a test of the lower boundary of the bullish channel. Earlier, a weak signal was received for the sell of GOLD, due to the crossing of signal lines at the level of 1340.

GOLD prices forecast XAU/USD for April 2, 2018

The cancellation of the variant of falling GOLD quotes will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with a close above the area of ​​1340, which indicates a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations XAU/USD is with the breakdown of the support area and closing below the level of 1325.


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