Gold XAU/USD is trading at the level of 1271.25. Gold is traded inside the Ichimoku Cloud, which indicates the presence of a lateral trend for Gold. It is expected to test the upper boundary of the Ichimoku Cloud near the level of 1283.00, from which it is expected to test the lower boundary of the Ichimoku cloud near the level of 1271.00.
Ichimoku Kinko Hyo XAU/USD prediction on April 26, 2017
Earlier, we received a weak signal for the sale of Gold, due to the intersection of the signal lines at 1283.00. Consider selling is worth breaking through the lower boundary of the Ichimoku Cloud and closing the quotes below the level of 1267.00, in the case of breaking the upper boundary of the Ichimoku Cloud, one should expect the continuation of the development of the upward trend in XAU/USD.
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