Quotes of GOLD continue to move as part of growth. At the time of the publication of the forecast, the price of GOLD is 1203 Dollars per Troy Oz. At the moment, we should expect an attempt to test the upper boundary of the channel near the area of 1207. Where should we expect a rebound and continue to reduce the price of GOLD with the goal below the level of 1185.
XAU/USD forecast GOLD & analysis October 4, 2018
In favor of falling XAU/USD quotes, a test of the trend line on the relative strength index (RSI) will come out. Cancellation of the option of falling gold prices will be a strong growth and a breakdown of the 1212 area, which will indicate a breakdown of the resistance area and continued growth in the area above the 1245 level.
XAU/USD forecast GOLD & analysis October 4, 2018 implies an attempt to test the resistance area near the level of 1207 and continue falling quotations with the target below the level of 1185.
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