Quotes XAU/USD Gold traded at 1234. Quotations were able to break through the lower boundary of Ichimoku Cloud and at the moment there is a potential for further development of the downward trend for the pair.
Ichimoku Kinko Hyo XAU/USD forecast on March 6, 2017
Previously it received a weak signal in favor of the sales and the breakdown of cloud confirmed the signal. We should expect a tight test the breached border of the Ichimoku Cloud and continuing reduction of quotations and prices for Gold to below the level of 1215.
Cancellation option of continuing fall in prices for gold will sample the upper limit of the Ichimoku Cloud with closing above the level of 1255, that will indicate the likely change of trend in favor of continuing XAU/USD growth.
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