GOLD is trading at 1222 and continues to move as part of the correction. GOLD is trading above the upper limit of the Ichimoku Kinko Hyo Cloud. This indicates an upward trend in Gold.
As part of the GOLD forecast & analysis XAU/USD November 28, 2018, a test of the upper limit of the Ichimoku Kinko Hyo Cloud is expected near the level of 1220. Where can we expect a rebound and continued growth of Gold with a target near the level of 1240.
GOLD forecast & analysis XAU/USD November 28, 2018
An additional signal in favor of the growth of XAU/USD quotes will be a rebound from the support area. 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 1225.
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 1210 area. This option will indicate a change in the upward trend in favor of the downward trend and a continued decline in the price of v with a potential target near the 1195 area. XAU/USD stands with the breakdown of the resistance area and closing above the level of 1230.
GOLD forecast & analysis XAU/USD November 28, 2018 suggests an attempt to test the support level near the 1220 area. Where can we expect continued growth of quotes with a potential target near the 1240 level. Breaking the growth option will break the 1210 area. This will indicate a continued decline in XAU/USD quotes.