Quotes of GOLD continue to move as part of growth. At the time of the publication of the forecast, the price of GOLD is 1225 Dollars per Troy Oz. At the moment, we should expect an attempt to test the support level near the 1220 area. Where can we expect a rebound and the continued growth in the price of GOLD with the target above the level of 1245.
XAU/USD forecast GOLD & analysis November 30, 2018
The test of the broken resistance line on the relative strength index (RSI) will be in favor of the XAU/USD drop in prices. As well as the formation of an inverted model of «Head and Shoulders». Cancellation of the option of rising GOLD prices will fall and the breakdown of the 1205 area. This will indicate a breakdown of the support area and a continued decline to the area below 1190. Expect confirmation of the growth of XAU/USD quotes with the breakdown of the resistance area and closing above the level of 1230.
XAU/USD forecast GOLD & analysis November 30, 2018 involves an attempt to test the support area near the level of 1220. Further, the continued growth of quotations with a target above the level of 1245. Cancellation of the option of rising GOLD prices will fall and the breakdown of the level of 1205. This will indicate breakdown of the support area. In this case, we can expect a continuation of the decline of GOLD below the level of 1190.
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