Gold XAU/USD is trading at the level of 1265.30. Gold broke through the Ichimoku Cloud and began to trade below its lower limit, indicating a downward trend in Gold. It is expected to test the lower boundary of the Iсhimoku Cloud near the level of 1271.00, from which one should expect an attempt to fall and further develop the bearish trend for Gold near the level of 1252.00.
Ichimoku Kinko Hyo XAU/USD prediction on April 27, 2017
Earlier, we received a weak signal for the sale of Gold, due to the intersection of the signal lines at 1282.00. The cancellation of the fall option will be a breakdown of the upper boundary of the Iсhimoku Cloud with the closing of quotations above the area of 1283.00, which will indicate a change in the downward trend in favor of the ascending trend. Expect to accelerate the fall in quotations XAU/USD is with the breakdown of the local minimum area at 1253.00.
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