Quotes of GOLD continue to move in growth. At the time of the publication of the forecast, the price of GOLD is 1231 Dollars per Troy Oz. At the moment, we should expect an attempt to test the resistance level near the area of 1235. Where should we expect a rebound and the continuation of the fall in the price of GOLD with a target below the level of 1205.
XAU/USD forecast GOLD & analysis December 4, 2018
In favor of the fall of the XAU/USD quotes, a test of the resistance line on the relative strength index (RSI) will come out. Cancellation of the option of falling GOLD prices will be a strong growth and the breakdown of the area of 1240. This will indicate a breakdown of the resistance area and continued growth in the area above the level of 1255. Waiting for confirmation of falling quotes XAU/USD stands with the breakdown of the support area and closing below 1210.
XAU/USD forecast GOLD & analysis December 4, 2018 implies an attempt to test the resistance area near the level of 1235. Further, the continuation of the fall in quotations with a target below the level of 1205. The cancellation of the option of reducing the price of GOLD will be a strong increase and the breakdown of the level of 1240. This will indicate breakdown of the resistance area. In this case, we should expect the continuation of the growth of gold above the level of 1255.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
