Quotes of GOLD XAU/USD continue to move within the downward channel. At the moment, we should expect an attempt to test the upper border of the channel near the level of 1260 and continue falling below the level of 1225.
XAU/USD forecast & technical analysis on December 15, 2017
In favor of lowering the quotes XAU/USD will test the resistance line on the indicator of relative strength. Canceling the variant of falling prices for GOLD will be the breakdown of area 1265, 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 1285. Expect the acceleration of the fall of XAU/USD with a breakdown of level 1245.
XAU/USD forecast & technical analysis on December 15, 2017 suggests an attempt to test the upper limit of the downlink near the level of 1260 and the continuation of the fall in quotations below the level of 1225, the cancellation of the decline in GOLD prices will trigger a breakdown at level 1265.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
