Quotes of GOLD XAU/USD continue to move within the framework of the «Triangle» model. At the moment, we should expect an attempt to test the level of 1270 and continue the growth above the level of 1285. In favor of the growth of quotations XAU/USD is the test of the support line on the indicator of relative strength index (RSI).
XAU/USD forecast & technical analysis on December 5, 2017
The cancellation of the variant of the price increase for Gold will be the breakdown of the area 1255, which will indicate the breakdown of the lower boundary of the «Triangle» model and the continuation of the fall. Expect to accelerate the growth of XAU/USD with a breakdown of the level of 1275, which will indicate the continuation of the bullish trend.
XAU/USD forecast & technical analysis on December 5, 2017 assumes a 1270 test of the test and the continuation of the growth with a target above the level of 1270, the cancellation of the GOLD price rise will trigger a breakdown at level 1255, which indicates the breakdown of the lower bound of the «Triangle» model and continued decline.
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