Quotes Gold XAU/USD close the trading week near the area of 1292. Quotes continue to move within the lateral trend and are currently testing resistance near the 1300 area. It is worth expecting a rebound attempt and the beginning of the fall in GOLD prices in the region below the level of 1220.
XAU USD weekly forecast on August 28 — September 1, 2017
In favor of falling quotations and the price of Gold is the formation of the reversal model of the «Head and Shoulders» on the indicator of relative strength index (RSI). Cancellation of the variant of the fall of quotations XAU/USD will break through the area of 1320, which will indicate the continued growth in prices for gold.
XAU USD weekly forecast on August 28 — September 1, 2017 suggests a rebound from the resistance level with a potential downside target near the 1220 area, an additional signal is the formation of a reversal pattern on the relative strength indicator (RSI), the breakdown of the region 1320 will be a cancellation.
