GOLD is trading at 1227 and continues to move as part of growth. Gold is trading above the upper limit of the Ichimoku Kinko Hyo Cloud. This indicates an upward trend in Gold. As part of the GOLD forecast & analysis XAU/USD November 23, 2018, the test of the Ichimoku Kinko Hyo signal line is expected near the level of 1220. Where should we expect a rebound and continued growth of Gold with a target near the level of 1245.
GOLD forecast & analysis XAU/USD November 23, 2018
An additional signal in favor of the growth of XAU/USD quotes will be a rebound from the support area. And also test the upper limit of the downward channel. Earlier, a weak signal was received for BUY the Gold. The signal was formed due to the intersection of the signal lines at the level of 1207.
Cancellation of the price increase for Gold will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the 1210 area. XAU/USD stands with the breakdown of the resistance area and closing above the level of 1235.
GOLD forecast & analysis XAU/USD November 23, 2018 suggests an attempt to test the support level near the 1220 area. Where can we expect continued growth of quotations with a potential target near the 1245 level. Breaking out the growth option will break the 1210 region.