GOLD XAU/USD completes the trading week near the level of 1282. Gold continues to trade above the upper boundary of the Cloud Ichimoku Kinko Hyo, which indicates the presence of an bullish trend in GOLD. Ichimoku Kinko Hyo Cloud near the 1280 level is expected to be tested near the level of 1280, from which it is expected to attempt a growth and further development of the bullish trend near the level of 1345.
GOLD prices forecast XAU/USD on October 2 — 6, 2017
Earlier, a weak signal was received for the sell GOLD, by crossing the signal lines at 1315. Canceling the growth of quotations Gold will be a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotes below the area of 1265, which will indicate a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations XAU/USD stands with a breakdown of the level of 1310.