Quotes Gold XAU/USD traded above the Ichimoku Cloud, which indicates the presence of an upward trend for the pair. However, a weak signal was received in favor of gold sales, to confirm this signal is important to see the breakdown of the lower limit of the Ichimoku Cloud, which will indicate the change of trend in favor of fall.
Ichimoku Kinko Hyo XAU/USD forecast on March 3, 2017
At the moment, we can expect a tight test of the upper boundary of Ichimoku Cloud and try to increase local maximum. In the case of falling prices for gold below 1235 worth trying XAU/USD sell with a close stop loss and the target falls below the level of 1225.
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