GOLD is trading at 1301 and continues to move as part of the correction. GOLD moves inside Ichimoku Kinko Hyo Clouds. This indicates the presence of a flat trend in GOLD. As part of the GOLD Price Forecast and Analysis March 14, 2019. A test of the area of Ichimoku Kinko Hyo signal lines near the level of 1295 is expected. Where should we expect a rebound and continued growth of GOLD with a target near the level of 1325.
GOLD Price Forecast and Analysis March 14, 2019
An additional signal in favor of lifting XAU/USD quotes will be a rebound from the support area. As well as a rebound from the lower boundary of the rising 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.
Cancellation of the price increase for Gold will be the breakdown of the lower border of the Ichimoku Kinko Hyo Cloud with the closing of quotes below 1280. This option will indicate a change in the side trend in favor of a downward trend and the continuation of the fall in the price of GOLD with a potential target near the 1260. Expect acceleration in the growth of quotes XAU/USD stands with the breakdown of the upper boundary of the indicator cloud and closure above the level of 1310.
GOLD Price Forecast and Analysis March 14, 2019 suggests an attempt to test the support level near the 1295 area. Where should we expect further growth of quotes with a potential target near the level of 1325. Canceling the lifting option will break the 1280 region. This will indicate a continued decline in quotes XAU/USD with a target at the level of 1260.