Quotes of Gold XAU/USD are traded at the level of 1244.28. Gold is traded above the upper limit of the Ichimoku Cloud, indicating that there is an upward trend for GOLD. It is expected to test the area of signal lines near the level of 1249.00, from which one should expect an attempt to continue the growth and development of the bullish trend for XAU/USD for the purpose of growth above the level of 1258.00.
Ichimoku Kinko Hyo forecast XAU/USD on March 27, 2017
Earlier, a signal of medium strength was obtained for the purchase of the Gold, by crossing the signal lines at the level of 1219.00. 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 1250.00.
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