Gold XAU/USD is trading at the level of 1257.71. Gold broke through the Ichimoku Cloud and began to trade above its upper limit, which indicates the presence of an upward trend in Gold. It is expected to test the upper boundary of the Ichimoku Cloud near the level of 1250.00, from which one should expect an attempt of growth and development of the bull trend on Gold with the purpose of growth near the level of 1270.00.
Ichimoku XAU/USD Prediction on April 5, 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. 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 1249.00, 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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