Gold XAU/USD is trading at the level of 1274.07. 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 1269.00, from which one should expect an attempt to grow and develop the bullish trend for Gold with the aim of raising the level of 1283.00.
Ichimoku Kinko Hyo XAU/USD forecast on April 13, 2017
Earlier, a strong signal was received for the purchase of gold, due to the intersection of the signal lines at the level of 1258.00. The cancellation of the growth option will be a breakdown of the lower boundary of the Ichimoku Cloud with the closing of quotations below the area of 1251.00, 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 1278.00.
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