GOLD is trading at 1313 and continues to move in 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 the GOLD Price Forecast and Analysis March 22, 2019. A test of the area of Ichimoku Kinko Hyo signal lines near the level of 1310 is expected. Where can we expect a rebound and continued growth of Gold with a target near the level of 1340.
GOLD Price Forecast and Analysis March 22, 2019
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 model «Triangle». Earlier, a medium strength signal was received for BUY the GOLD. The signal was formed due to the intersection of the signal lines at the level of 1302.
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 the 1290 region. XAU/USD stands with the breakdown of the resistance area and closing above the level of 1320.
GOLD Price Forecast and Analysis March 22, 2019 implies an attempt to test the support level near the area of 1310. Where can we expect further fall in quotations with a potential target near the level of 1340. The cancellation of the growth option will be the breakdown of the 1290 area. This will indicate the continuation of the fall in the XAU/USD quotes with the target at the level of 1275.