Gold XAU/USD is trading at the level of 1278.26. 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 1273.00, from which one should expect an attempt of growth and development of the bullish trend for Gold with the aim of growth to the level of 1296.00.
Ichimoku Kinko Hyo prediction XAU/USD on April 21, 2017
Earlier, we received a weak signal for the sale of Gold, due to the intersection of the signal lines at 1283.00. The cancellation of the variant of growth will be the breakdown of the lower boundary of the Ichimoku Cloud with the closing of quotes below the area of 1263.00, 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 1285.00.
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