Quotes of GOLD continue to move as part of growth. At the time of the publication of the forecast, the price of GOLD is 1224 Dollars per Troy Oz. At the moment, we should expect an attempt to test the resistance level near the area of 1230. Where should we expect a rebound and the continuation of the decline in the price of GOLD with the goal below 1205.
XAU/USD forecast GOLD & analysis November 21, 2018
In favor of falling XAU/USD quotes, a test of the downward trend line on the relative strength (RSI) will come out. As well as a rebound from the upper boundary of the descending channel. Cancellation of the option of falling GOLD prices will be a strong growth and a breakdown of the 1235 area. This will indicate a breakdown of the resistance area and continued growth in the area above 1250. Expect confirmation of falling quotes XAU/USD stands with the breakdown of the support area and closing below 1215.
XAU/USD forecast GOLD & analysis November 21, 2018 suggests an attempt to test the resistance area near the 1230 level. Further, the further decline in quotations with a target below 1205. The cancellation of the drop in GOLD prices option will be a strong increase and a breakdown of the 1235 level. breakdown resistance. In this case, we should expect the continuation of the growth of gold above the level of 1250.
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