GOLD XAU/USD is trading at the level of 1251.76. Gold is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a downward trend in Gold. The test of the lower boundary of Ichimoku Kinko Hyo Cloud is expected near the level of 1260.00, from which one should expect an attempt to fall and develop a bearish trend for Gold with a target to lower near the level of 1230.00.
XAU/USD forecast GOLD prices on June 23, 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 variant of falling Gold quotes will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations above the area of 1267.00, which will indicate the change of 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 1237.00.
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