XAU/USD forecast & technical analysis June 19, 2018


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Quotes of GOLD continue to move in the fall. At this point, we should expect an attempt to test the upper boundary of the bearish channel near the area of ​​1290. Where can we expect a rebound and the continuation of the fall in the price of GOLD with a target below the level of 1260.

XAU/USD forecast & technical analysis June 19, 2018

In favor of falling quotations XAU/USD will test the resistance area on the indicator of relative strength index (RSI). The reversal of the growth in the price of GOLD will be a strong growth and breakdown of the 1300 area, which will indicate the breakdown of the upper bound of the descending one and the continuation of growth to the area above the level of 1310. To expect confirmation of the fall in XAU/USD prices is with the breakdown of the support area and closing below the level of 1275.

XAU/USD forecast & technical analysis June 19, 2018

XAU/USD forecast & technical analysis June 19, 2018 suggests an attempt to test the resistance area near the level of 1300 and the continuation of the drop in quotations below the level of 1265, the cancellation of the variant of falling prices for gold will break through the level of 1300, in which case it is expected to continue growing in the area above the level of 1310.


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