Gold XAU/USD is trading at the level of 1245.97. GOLD continues to trade below the lower boundary of the Cloud Ichimoku Kinko Hyo, indicating a bearish trend in GOLD. It is expected to test the area of signal lines near the level of 1254.00, from which one should expect an attempt to drop and develop a bearish trend for GOLD in order to reduce near the level of 1232.00.
XAU/USD forecast GOLD prices on June 22, 2017
Previously, a strong signal was received for the sale of GOLD, due to the crossing of the signal lines at the level of 1266.00. 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 1265.00, 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 1236.00.
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