GOLD is trading at 1285 and continues to move as part of the correction. Gold moves below the lower boundary of the Ichimoku Kinko Hyo Cloud. This indicates the presence of a downward trend in gold. As part of the GOLD Price Forecast and Analysis March 11, 2019. A test of the area of ​​Ichimoku Kinko Hyo signal lines near the level of 1290 is expected. Where should we expect a rebound and continuation of the fall of Gold with a target near the level of 1255.

GOLD Price Forecast and Analysis March 11, 2019

An additional signal in favor of a drop in XAU/USD quotes will be a rebound from the resistance area. And also test the upper limit of the downward channel. Earlier, a weak signal was received for SELL the Gold. The signal was formed due to the intersection of signal lines at the level of 1331.

GOLD Price Forecast and Analysis March 11, 2019

Cancellation of the option of falling gold prices will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of ​​1310. This option will indicate a change in the downward trend in favor of an upward trend and continued growth in the price of Gold with a potential target near the area of ​​1335. Expect to accelerate the fall in quotations XAU/USD stands with the breakdown of the support area and closing below 1280.

GOLD Price Forecast and Analysis March 11, 2019 implies an attempt to test the resistance level near the 1290 area. From where we should expect a further drop in quotations with a potential target near the 1255 level.