Gold XAU/USD is trading at the level of 1237.93. GOLD is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating that there is an bullish trend in GOLD. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the level of 1229.00, from which one should expect an attempt of growth and further development of the bullish trend for GOLD with a target to rising near the level of 1255.00.
XAU/USD forecast GOLD prices on July 19, 2017
Earlier, we received a weak signal for the purchase of gold, due to the crossing of the signal lines at the level of 1216.50. Canceling the growth of Gold quotations will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the area of 1215.00, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations XAU/USD stands with the breakdown of the local maximum area at the level of 1249.00.
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