Quotes of Gold XAU/USD continue to move within the bearish channel. At the moment, we should expect a test of the level of 1315 and an attempt to continue falling prices for Gold below the level of 1290. In favor of falling quotations XAU/USD is a test of the downward trend line on the indicator of relative strength index (RSI).
XAU/USD forecast Forex GOLD on September 21, 2017
Expect the acceleration of the fall is with the breakdown of the level of 1300. Cancellation of the variant of the fall in the price of Gold will be the breakdown of the area of 1320, which will indicate the outflow of the quotes out of the bearish channel and the continuation of the growth of XAU/USD above the level of 1350.
XAU/USD forecast Forex GOLD on September 21, 2017 involves trying to test the upper boundary of the channel and continuing the decline to a level below the level of 1290, an additional signal in favor of the drop is the resistance line test on the relative strength indicator (RSI).
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