GOLD XAU/USD close the trading week near the area of 1258. Quotes continue to move within the limits of the decline. At the moment, we should expect a test of the lower limit of the Triangle model near the level of 1265 and continuation of the fall below the level of 1210.
XAU/USD weekly forecast on December 18 — 22, 2017
In favor of falling quotes and prices for GOLD, a bearish test on the relative strength index (RSI) will perform. The cancellation of the fall in XAU/USD quotations will result in a strong growth and breakdown of the 1285 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 December 18 — 22, 2017 suggests a lower bound for the «Triangle» model and a continuation of the GOLD price fall below 1210, in favor of the drop, a test of the broken trend line on the relative strength index (RSI) will come out, level 1285, which indicates the continued growth.
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