XAU/USD forecast & technical analysis January 3, 2018


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Quotes of GOLD XAU/USD continue to move within the limits of growth. At this point, we should expect an attempt to test the lower border of the channel near the area of ​​1310 and continue growing above the level of 1330. In favor of the growth of quotations XAU/USD will perform a test of the support line on the indicator of relative strength index (RSI).

XAU/USD forecast & technical analysis January 3, 2018

Canceling the variant of the GOLD price increase will be the breakdown of the 1300 area, which will indicate the breakdown of the lower border of the channel and the continuation of the fall below 1255. Expect to accelerate the growth of XAU/USD with a breakdown of the level of 1320.

XAU/USD forecast & technical analysis January 3, 2018

XAU/USD forecast & technical analysis January 3, 2018 suggests an attempt to test the lower border of the channel near the area of ​​1310 and the continuation of the growth of quotations with a target above the level of 1330, the cancellation of the variant of rising GOLD prices will break through the level of 1300.

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