Gold XAU/USD is trading at the level of 1264.11. Gold is trading below the lower boundary of the Cloud Ichimoku Kinko Hyo, indicating a bearish trend in Gold. The test of the lower boundary of Ichimoku Kinko Hyo Cloud near the level of 1273.00 is expected, from where one should expect a fall attempt and the development of the bearish trend for Gold near the level of 1248.00.
XAU/USD forecast Gold prices on June 14, 2017
Earlier, we received a weak signal for the sale of Gold, due to the crossing of the signal lines at 1282.00. The cancellation of the drop in Gold quotations will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 1283.00, indicating a change in the bearish trend in favor of the bullish 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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