Quotes Gold XAU/USD continue to move within the framework of a bearish correction. At this point, we should expect an attempt to rebound quotes and growth above the level of 1290. In favor of the growth of quotations XAU/USD is the test of the support area on the indicator of relative strength index (RSI), as well as a test of the level of support on the price chart.
XAU/USD forecast & technical analysis GOLD on August 17, 2017
Near the level of 1290 again we should expect a fall in quotations and prices for gold. The cancellation of the variant of the drop in the price of GOLD will be the breakdown of the area of 1295, which will indicate the continuation of the growth of quotations.
XAU/USD forecast & technical analysis GOLD on August 17, 2017 suggests an attempt to increase to the area above the level of 1290, from which it is expected to rebound and fall of quotations in the area below the level of 1240 within the beginning of the working off of the bearish wave model of Wolfe.
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