Quotes Gold XAU/USD continue to move within the framework of the «Wedge» model. At the moment, we should expect an attempt to fall within the framework of the beginning of the development of the «Head and Shoulders» reversal model.
XAU/USD forecast & technical analysis GOLD on August 23, 2017
Expect to accelerate the fall in quotations and the price of GOLD is worth a breakdown in the area of 1280. In favor of falling quotations XAU/USD will breakdown the lower boundary of the «Wedge» model. The cancellation of the variant of the fall in the price of GOLD will be the breakdown of the area of 1310, which will indicate the continuation of the growth of quotations and the abolition of the «Wedge» model.
XAU/USD forecast & technical analysis GOLD on August 23, 2017 suggests an attempt to fall as part of the beginning of the development of the «Head and Shoulders» reversal model, the breakdown will be a breakdown at level 1310, which indicates that the growth will continue above the level of 1350.
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