Gold price continues to trade above the Ichimoku Cloud, which indicates the presence of an upward trend. Previously received signal average strength in favor of shopping, but do not rule out an attempt to test the upper boundary of the dense Ichimoku Cloud and continued growth in the region of a local maximum.
Ichimoku Kinko Hyo forecast XAU USD on February 23, 2017
Cancellation option on gold prices will drop in prices and the breakdown of the area in 1224, which indicates the potential change in favor of a downward trend. In the case of the resistance region breakdown and closing quotes and prices for Gold is higher than the level in 1245, which indicates continued growth in an area above the level of 1250.
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