Quotes of GOLD XAU/USD continue to move within the framework of strong growth. At this point, we should expect a test of the support level near the 1335 area. Where can we expect the rebound and the continued growth of the price for GOLD with a target above the level of 1385. In favor of the growth of XAU/USD quotations, a support line test will be performed on the relative strength index (RSI).
XAU/USD forecast & technical analysis February 20, 2018
Cancellation of the variant of the price increase for Gold will be the fall and breakdown of the area 1315, which will indicate the breakdown of the lower border of the channel and the continuation of the fall into the area below the level of 1385. To expect confirmation of the fall in quotes XAU/USD stands with a breakdown of the level of 1340.
XAU/USD forecast & technical analysis February 20, 2018 suggests an attempt to test the level of support near the area of 1335 and the continuation of the growth of quotations with a target above the level of 1385, the cancellation of the variant of the price increase for GOLD will break through the level of 1315.
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