Quotes Gold XAU/USD continue to move in the fall. At the moment, we should expect an attempt to correct the quotations and prices for GOLD in the area above the level of 1225. Near the upper border of the channel, we again expect a rebound and a drop in Gold quotations below the level of 1195.
XAU/USD forecast & technical analysis GOLD on July 12, 2017
In favor of the fall of XAU/USD, a dense test of the trend line on the indicator of relative strength index (RSI). The cancellation of the option of lowering Gold quotations will be followed by a breakdown at level 1235, which will indicate continued growth.
XAU/USD forecast & technical analysis GOLD on July 12, 2017 suggests a correction attempt to the upper border of the downlink at the level of 1225, from which it is expected to continue the decline of the pair below the level of 1195, the breakdown will be a breakdown at the level of 1235.
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