Quotes Gold XAU/USD continue to move within the growth framework. At the moment, we should expect a test of the support area near the level of 1325, where again we should expect a rebound and growth of quotations and GOLD prices above the level of 1355.
XAU/USD forecast & technical analysis on September 6, 2017
In favor of the growth of quotations XAU/USD will test the trend line on the indicator of relative strength index (RSI). Expect the acceleration of growth is with the breakdown of the level of 1340. The cancellation of the variant of the growth of the price for Gold will be the breakdown of the area of 1300, which will indicate the continuation of the decline in quotations XAU/USD for the purpose below the area of 1270.
XAU/USD forecast & technical analysis on September 6, 2017 assumes a test of the support level near the 1325 area, from which the rebound and a rise in prices for GOLD above the level of 1355 are expected, an additional signal in favor of the growth of the GOLD price will be a test of the trend line on the indicator relative strength (RSI).
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