Quotes of GOLD XAU/USD continue to move within the limits of the decline. At this point, we should expect an attempt to test the resistance level near the level of 1260 and continue falling below the level of 1230. 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 8, 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 «Triangle» border and the continuation of growth in the area above the level of 1290. Expect the acceleration of the fall of XAU / USD with a breakdown at level 1250.
XAU/USD forecast & technical analysis on December 8, 2017 presupposes an attempt to test the level of 1260 and the continuation of the drop in quotations below the level of 1230, the cancellation of the decline in GOLD prices will trigger a breakdown at level 1275.
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