GOLD is trading at 1304 and continues to move as part of the upward correction. Gold moves inside Ichimoku Kinko Hyo Clouds. This indicates the presence of a sideways trend in gold. As part of the GOLD price forecast for today April 10, 2019. A test of the upper limit of the Ichimoku Kinko Hyo Cloud is expected near the level of 1305. Where should we expect a rebound and the continuation of the fall of GOLD with a target near the level of 1280

GOLD Price Forecast and Analysis April 10, 2019

An additional signal in favor of a fall in XAU/USD quotes will be a rebound from the resistance area. The second signal will be a rebound from the upper boundary of the downward channel. Earlier, a weak signal was received for BUY the GOLD. The signal was formed due to the intersection of signal lines at the level of 1290.

GOLD Price Forecast and Analysis April 10, 2019

Cancellation of the fall in GOLD prices will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the 1310 area. Such an option will indicate a change in the side trend in favor of an upward trend and continued growth in the GOLD price with a potential target near the 1335 area. XAU/USD stands with the breakdown of the support area and closure below 1290.

GOLD Price Forecast and Analysis April 10, 2019 suggests an attempt to test the resistance level near the area of ​​1305. Where should we expect further fall in quotes with a potential target near the level of 1280. If the fall option is canceled, the sample of 1310 will break down. This will indicate continued growth of quotes XAU/USD with a target at the level of 1335.