Gold Quotes XAU/USD continue to move in the fall. At the moment, Gold quotes are testing the area at the level of 1210. One should expect a rebound and an increase in XAU/USD quotations to the upper boundary of the bearish channel at the level of 1220, where again we should expect a further decline in gold prices.
XAU/USD forecast FOREX price GOLD on July 10, 2017
In favor of the drop in quotations, a tight test of the resistance line will appear on the indicator of relative strength index (RSI). Canceling the option of lowering quotations and prices for Gold will be a breakdown of the upper border of the channel and the closing of quotes above the level of 1235.
XAU/USD forecast FOREX price GOLD on July 10, 2017 suggests a correction attempt to the upper boundary of the channel and the continuation of the Gold price reduction below the level of 1195, an additional signal will be a trend line test on the relative strength indicator.
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