Quotes of GOLD XAU/USD continue to move within the framework of the «Triangle» model. At this point, we should expect an attempt to test the breached model border near the level of 1270 and continue falling below the level of 1250. In favor of lowering the quotes XAU/USD is the resistance line test on the indicator of relative strength index (RSI).
XAU/USD forecast & technical analysis on December 6, 2017
Canceling the variant of falling prices for GOLD will be the breakdown of area 1275, which will indicate the breakdown of the lower boundary of the «Triangle» model and the continuation of growth in the upper region. Expect to accelerate the fall of XAU/USD is at the breakdown of the level of 1260.
XAU/USD forecast & technical analysis on December 6, 2017 assumes an attempt to test the level of 1270 and the continuation of falling quotations for a target below the level of 1250, the cancellation of the option of reducing the price of GOLD will break through the level of 1275.
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