Quotes of GOLD XAU/USD continue to move within the bearish channel. At this point, we should expect an attempt to test the upper border of the channel near the level of 1330. Where can we expect a rebound and the continuation of the fall in the price of GOLD with a target below 1300. In favor of falling quotations XAU/USD will test the resistance line on the indicator of relative strength index (RSI).
XAU/USD forecast & technical analysis February 13, 2018
Cancellation of the variant of falling prices for GOLD will be a strong growth and breakdown of the area 1335, which will indicate the breakdown of the upper border of the channel and the continuation of growth in the area above the level of 1355. To expect confirmation of the fall in quotations XAU/USD stands with a breakdown of level 1310.
XAU/USD forecast & technical analysis February 13, 2018 suggests a test of the level of 1330 and the continuation of the fall of quotations with a target below the level of 1300, the cancellation of the variant of falling prices for GOLD will break through the level of 1335.
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