Gold XAU/USD is trading at the level of 1220.83. Gold is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in GOLD. The pair XAU/USD is expected to rise near the level of 1233.00, from which it is expected to try to fall and further develop the bearish trend for Gold with a target to reducing near the level of 1205.00.
GOLD prices forecast XAU/USD on July 6, 2017
Earlier, a strong signal was received for the sale of GOLD, due to the crossing of the signal lines at the level of 1245.50. The cancellation of the variant of falling GOLD quotes will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 1248.00, which will indicate 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 local minimum area at the level of 1210.00.
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