Quotes of GOLD XAU/USD continue to move within the bearish channel. At this point, we should expect an attempt to test the resistance level near the 1265 area and continue falling below the level of 1240. In favor of lowering the quotes XAU/USD will test the resistance line on the indicator of relative strength index (RSI).
XAU/USD forecast GOLD prices on December 22, 2017
Canceling the variant of falling prices for GOLD will be the breakdown of the area of 1275, which will indicate the breakdown of the resistance level and the continuation of growth in the area above the level of 1295. Expect the acceleration of the fall of XAU/USD with a breakdown at level 1255.
XAU/USD forecast GOLD prices on December 22, 2017 involves an attempt to test the resistance level near the area of 1265 and the continuation of the fall in quotations to below the level of 1240, the cancellation of the option of reducing the price of GOLD will break through the level of 1275.
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