Quotes of GOLD XAU/USD continue to move within the limits of the decline. At this point, we should expect a test of the resistance level near the level of 1255 and the continuation of the fall below the level of 1230. In favor of lowering the quotations XAU/USD will test the resistance line on the indicator of relative strength index (RSI).
XAU/USD forecast & technical analysis on December 12, 2017
Canceling the variant of falling prices for GOLD will be the breakdown of area 1260, which will indicate the breakdown of the upper boundary of the descending channel and the continuation of growth in the area above the level of 1290. Expect to accelerate the fall of XAU/USD with a breakdown of level 1245.
XAU/USD forecast & technical analysis on December 12, 2017 presupposes a 1255 test at the level of 1255 and the continuation of the drop in quotes below the level of 1230, the cancellation of the GOLD price cutback will trigger a breakdown at level 1260.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
