GOLD XAU/USD is trading at 1285. Gold continues to trade above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in GOLD. Ichimoku Kinko Hyo signal line area near the 1280 level is expected, from which it is expected to rebound and continue the development of the bullish trend in Gold for the target of growth near the level of 1300.
GOLD prices forecast XAU/USD on November 13, 2017
Earlier, a signal of medium strength for buy of the GOLD was obtained, by crossing the signal lines at the level of 1275. Canceling the variant of growth of quotations of Gold will be a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with a close below the area of 1270, 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 a breakdown of the level of 1290.
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