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 1295. 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 25, 2017
Near the level of 1295 again expect a fall in quotations and prices for GOLD. To wait for the start of the Wedge model’s development is 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 25, 2017 suggests an attempt to increase to the area of 1295, where again we should expect a rebound and a fall in the price of gold, an additional signal in favor of the drop will be a test of the resistance line on the indicator of relative strength index (RSI).
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