GOLD XAU/USD close the trading week near the 1235 area. The quotes continue to move as part of the growth. At the moment, we should expect an attempt to grow and test the level of support near the 1210 area. Then, the continuation of the growth of the price of GOLD with a potential target above the level of 1285 began.
GOLD weekly forecast & analysis November 5 — 9, 2018
In favor of the growth of quotations and prices for GOLD in the current trading week from November 5 — 9, 2018, a test of the trend line on the relative strength index (RSI) will be made. The cancellation of the growth option of XAU/USD quotes will be the fall and the breakdown of the area of 1195, which will indicate the breakdown of the support area and the continuation of the fall in GOLD prices with a target below the level of 1155.
GOLD weekly forecast & analysis November 5 — 9, 2018 suggests an attempt to test the support level near the 1210 area and continue the GOLD price increase with the target above the level of 1285, the test of the trend line on the relative strength index (RSI) will act in favor of the increase GOLD growth will fall and the breakdown of the level of 1195, which will indicate a continued decline in quotations in the area below the level of 1155.
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