Gold XAU/USD is trading at 1282.91. 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 upper boundary of the Ichimoku Cloud near the level of 1280.00, 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 1298.00.
Ichimoku Kinko Hyo XAU/USD prediction on April 24, 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 growth option will be a breakdown of the lower boundary of the Ichimoku Cloud with the closing of quotes below the area of 1264.00, indicating 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 1289.00.
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