Quotes of GOLD XAU/USD continue to move within the bullish channel. At the moment, we should expect an attempt to test the lower border of the channel near the level of 1340, from which we should expect a rebound and continue the growth of the price of GOLD with a target above the level of 1370. In favor of the growth of XAU/USD quotations, a support line test will be performed on the relative strength index (RSI).
XAU/USD forecast & technical analysis January 30, 2018
Cancellation of the variant of gold price growth will be the fall and breakdown of the area 1335, which will indicate the breakdown of the lower boundary of the rising channel and the continuation of the fall below 1305. Expect to accelerate the growth of XAU/USD with a breakdown at level 1375.
XAU/USD forecast & technical analysis January 30, 2018 involves an attempt to test the lower border of the channel near the level of 1340 and the continuation of the growth of quotations above the level of 1370, the cancellation of the variant of the growth in prices for GOLD will break through the level of 1335.
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