Quotes Gold XAU/USD continue to move within the correction. At the moment, we should expect a test of the support area near the level of 1295, where again we should expect a rebound and growth of quotations and GOLD prices above the level of 1320.
XAU/USD forecast & technical analysis GOLD on August 31, 2017
In favor of the growth of XAU/USD quotations, a support line test will be performed on the relative strength indicator (RSI). Expect the acceleration of growth is with the breakdown of the level of 1317. The cancellation of the variant of the growth of the price for GOLD will be the breakdown of the area of 1290, which will indicate the continuation of the decline in quotations XAU/USD with the target below the area of 1265.
XAU/USD forecast & technical analysis GOLD on August 31, 2017 assumes an attempt to test the level of support and the continuation of XAU/USD quotations above the level of 1320, an additional signal in favor of growth will be a test of the support line on the indicator of relative strength index (RSI), the drop will be a drop and breakdown of the level 1290, in this case, we should expect the continuation of the development of the fall in GOLD.
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