Quotes of GOLD XAU/USD continue to move within the downward channel. At this point, we should expect an attempt to test the resistance level near the 1260 area and continue falling below the level of 1220. In favor of lowering the quotes XAU/USD will test the resistance line on the indicator of relative strength index (RSI).
XAU/USD forecast & technical analysis on December 19, 2017
Canceling the variant of falling prices for GOLD will be the breakdown of area 1265, which will indicate the breakdown of the upper boundary of the bearish channel and the continuation of growth in the area above the level of 1285. Expect the acceleration of the fall of XAU/USD with a breakdown of level 1245.
XAU/USD forecast & technical analysis on December 19, 2017 involves an attempt to test the resistance level near the area of 1260 and the continuation of the drop in quotations below the level of 1225, the cancellation of the GOLD price decline option will trigger a breakdown at level 1265.
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