GOLD XAU/USD close the trading week near the area of 1250. Quotes continue to move as part of the formation of the «Triangle» model. At the moment, we should expect a test of the lower boundary of the model near the level of 1265 and the continuation of the fall below the level of 1210.
XAU/USD weekly forecast on on December 11 — 15, 2017
In favor of falling quotes and prices for GOLD, a test of the broken trend line will appear on the indicator of relative strength index (RSI). The cancellation of the fall in XAU/USD quotations will result in a strong growth and breakdown of the 1280 area, which will indicate that GOLD prices continue to increase with the target above the level of 1325. Expect to accelerate the fall with a breakdown at level 1235.
XAU/USD weekly forecast on on December 11 — 15, 2017 suggests a lower bound for the «Triangle» model and a continuation of the GOLD price fall below the 1210 level, in favor of the drop, a test of the broken trend line on the relative strength index (RSI) will come out, level 1280, which indicates the continued growth.
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