Gold XAU/USD finished the trading week at 1282.91. Gold is trading above the upper limit of the Ichimoku Cloud, indicating that there is an upward trend in gold. It is expected to test the area of signal lines near the level of 1260.00, from which one should expect an attempt to grow and develop the bullish trend for gold with a target of growth to the level of 1311.00.
Ichimoku Kinko Hyo Forecast XAU/USD on April 24 — 28, 2017
Earlier, a strong signal was received for the purchase of Gold, due to the intersection of the signal lines at the level of 1230.00. The cancellation of the variant of growth will be the breakdown of the lower boundary of the Ichimoku Cloud with the closing of quotations below the area of 1220.00, which will indicate a change in the upward trend in favor of the downward trend. Expect to accelerate the growth of quotations XAU/USD stands with the breakdown of the local maximum area at the level of 1290.00.
