Gold XAU/USD is trading at the level of 1253.69. Gold continues to trade above the upper boundary of the Ichimoku Cloud, indicating that there is an upward trend in gold. It is expected to test the upper boundary of the Ichimoku Cloud near the level of 1251.00, from which one should expect an attempt to grow and develop the bullish trend for Gold with the aim of increasing the level of 1275.00.
Ichimoku Kinko Hyo GOLD Forecast on April 10, 2017
Earlier, a strong signal was received for the purchase of Gold, due to the intersection of the signal lines at the level of 1254.00. 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 1246.00, which will indicate a shift in the upward trend in favor of a downward trend. Expect to accelerate the growth of quotations XAU/USD stands with the breakdown of the local maximum area at the level of 1263.00.
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