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 & technical analysis on December 21, 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 to accelerate the fall of XAU/USD with a breakdown of the level of 1255.
XAU/USD forecast & technical analysis on December 21, 2017 presupposes an attempt to test the resistance level near the 1265 area and the continuation of the drop in quotations below the level of 1240, the cancellation of the GOLD price cutback will trigger a breakdown at level 1275.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
