GOLD is trading at 1310 and continues to move as part of growth. Gold moves above the upper boundary of the Ichimoku Kinko Hyo Cloud. This indicates the presence of an upward trend in gold. As part of GOLD Price Forecast and Analysis March 15, 2019. A test of the area of Ichimoku Kinko Hyo signal lines near the level of 1305 is expected. Where should we expect a rebound and continued growth of GOLD with a target near the level of 1335.
GOLD Price Forecast and Analysis March 15, 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 1285. This option will indicate a change in the upward trend in favor of the downward trend and the continued decline in the price of Gold with a potential target near the 1260. Expect acceleration of the growth of quotes XAU/USD stands with the breakdown of the upper boundary of the downward channel and closing above the level of 1320.
GOLD Price Forecast and Analysis March 15, 2019 implies an attempt to test the support level near the area of 1305. Where should we expect further growth of quotes with a potential target near the level of 1335. Canceling the lifting option will break the area of 1285. This will indicate a continued decline in quotes XAU/USD with a target at the level of 1260.