Gold XAU/USD is trading at the level of 1256.93. Gold is trading above the upper limit of the Ichimoku Cloud, indicating that there is an upward trend in gold. An attempt is expected to grow and develop the bullish trend for Gold near the level of 1270.00.
Ichimoku XAU/USD Forecast on April 6, 2017
Earlier, a signal of medium strength was obtained for the purchase of gold, due to the crossing of the signal lines at the level of 1248.00. 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 1244.00, 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 1260.00.
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