Gold XAU/USD is trading at 1281.49. 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 1272.00, from which one should expect an attempt of growth and development of the bull trend on Gold with the aim of growth to the level of 1299.00.
Ichimoku Kinko Hyo XAU/USD prediction on April 20, 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. 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 1259.00, 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 1291.00.
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