GOLD XAU/USD is trading at 1278. GOLD continues to trade within the Ichimoku Kinko Hyo Cloud, indicating a flat trend over Gold. Ichimoku Kinko Hyo Cloud near the 1276 level is expected to be near the level of 1276, from which it is expected to rebound and continue the development of the upward trend over GOLD for the target of growth near the level of 1290.
GOLD prices forecast XAU/USD on November 17, 2017
Earlier, a strong signal was obtained for buy of the GOLD, by crossing the signal lines at 1279. Canceling the option growth of Gold quotations will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with a close below the area of 1270, which will indicate a shift in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations XAU/USD stands with a breakdown of the level of 1285.
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