Quotes Gold XAU/USD continue to move within the framework of the Wedge model. At this point, we should expect an attempt to continue the growth of quotations above the level of 1305. In favor of the growth of quotations XAU/USD is the test of the support line on the indicator of relative strength index (RSI).
XAU/USD forecast & technical analysis GOLD on August 24, 2017
To expect the beginning of the fall in the price of Gold is with the breakdown of the lower boundary of the Wedge model and the closing of quotations below the area of 1280. The abolition of the variant of the fall in the price of Gold will be the breakdown of the area of 1320, 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 24, 2017 suggests an attempt to grow as part of the completion of the Wedge model, to expect the beginning of the fall is at the breakdown of the level of 1280.
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