Quotes Gold XAU/USD continue to move within the bullish channel. At the moment, we should expect a test of the support area near the level of 1300, where again we should expect a rebound and growth of quotations and GOLD prices above the level of 1325.
XAU/USD forecast & technical analysis GOLD on September 1, 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 1315. The abolition of the variant of the growth of the price for Gold will be the breakdown of the area 1290, which will indicate the continuation of the decline in quotations XAU/USD for the purpose below the area of 1265.
XAU/USD forecast & technical analysis GOLD on September 1, 2017 suggests a rebound from the level of support and the continuation of the XAU/USD quotations rise above the level of 1325, an additional signal for the growth of the GOLD price will be a test of the support line on the indicator of relative strength, fall and breakdown of the level of 1290, in this case it is necessary to expect the continuation of the development of a bearish trend in gold.
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