Quotes of Gold XAU/USD continue to move within the bearish channel. It is expected to try the test area 1247 and continue falling quotations and Gold prices in the area below the level of 1230. In favor of the fall of XAU/USD will come a close test of the downward trend line on the indicator of relative strength index (RSI).
XAU/USD forecast & analysis Gold prices on July 3, 2017
Cancellation of the reduction option will be a strong growth and breakdown of the area of 1255, indicating that the price of gold will continue to increase to the level above the level of 1260. With the breakdown of the local minimum area, it is expected to accelerate the decline in gold prices.
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