Gold XAU/USD is trading at the level of 1242.27. Gold is traded inside the Ichimoku Cloud, which indicates the presence of a lateral trend for Gold. It is expected to test the upper boundary of the Ichimoku Cloud near the level of 1246.00, from where one can expect another test, the lower boundary, near the level of 1231.00.
Ichimoku Forecast XAU/USD on April 3, 2017
Earlier, a weak signal was received for the sale of Gold, due to the intersection of signal lines at the level of 1251.50. Consider selling is worth breaking through the lower boundary of the Ichimoku Cloud and closing the quotes below the level of 1229.00, in the case of breaking through the upper boundary of the Ichimoku Cloud, one should expect the continuation of the development of the upward trend in XAU/USD.
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