Quotes of GOLD continue to move in a downward correction. At the time of the publication of the forecast, the price of GOLD is 1267 Dollars per Troy Oz. At the moment, we should expect an attempt to reduce and test the level of support near the 1255 area. Where can we expect a rebound and continued growth in the price of GOLD with the goal above the level of 1295.
XAU/USD forecast GOLD & analysis December 28, 2018
In favor of the growth of XAU/USD quotes, a test of the support line on the relative strength index (RSI) will be made. As well as a rebound from the lower boundary of the rising channel. Cancellation of the option of rising GOLD prices will fall and the breakdown of 1250. This will indicate a breakdown of the lower boundary of the channel and a continued decline to the area below 1230. Expect acceleration of the growth of XAU/USD quotes with the breakdown of the resistance area and closing above the level of 1280.
XAU/USD forecast GOLD & analysis December 28, 2018 implies an attempt to test the support area near the level of 1255. Further, the growth of quotations with a target above 1295.
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