GOLD weekly forecast & analysis September 17 — 21, 2018


GOLD XAU/USD close the trading week near the area of ​​1206. Quotes continue to move within the framework of the bullish correction. At this point, we should expect an attempt to reduce and test the level of support near the area of ​​1185. Then the growth of the price of gold with a potential target above the level of 1260.

GOLD weekly forecast & analysis September 17 — 21, 2018

In favor of the growth of quotations and prices for GOLD on the current trading week on 17 — 21, 2018, a test of the broken trend line will be made on the indicator of relative strength index (RSI). The cancellation of the variant of XAU/USD price growth will be the fall and breakdown of the 1160 area, which will indicate the breakdown of the support area and the continuation of the fall in gold prices with a target below 1105. A breakdown of the resistance area and closing above the level of 1215 will confirm the growth growth, which will indicate continued growth the price of gold.

GOLD weekly forecast & analysis September 17 — 21, 2018

GOLD weekly forecast & analysis September 17 — 21, 2018 suggests an attempt to test the level of support near the area of ​​1185 and the continuation of the price increase for GOLD with a target above the level of 1260, in favor of an upswing will test the trend line on the indicator of relative strength index (RSI).


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