Quotes of GOLD XAU/USD continue to move within the bearish channel. At the moment, we should expect an attempt to test the upper border of the channel near 1245 and continue falling below the level of 1215. In favor of lowering the quotations XAU/USD will test the resistance line on the indicator of relative strength index (RSI).
XAU/USD forecast & technical analysis on December 13, 2017
Canceling the variant of falling prices for Gold will be the breakdown of area 1255, which will indicate the breakdown of the upper boundary of the descending channel and the continuation of growth in the area above the level of 1290. Expect to accelerate the fall of XAU/USD with a breakdown at level 1240.
XAU/USD forecast & technical analysis on December 13, 2017 suggests an attempt to test the upper border of the channel near the level of 1245 and the continuation of the drop in quotations below the level of 1215, the cancellation of the GOLD price cutback will trigger a breakdown at level 1255.
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