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 1330, where again we should expect a rebound and growth of quotations and Gold prices above the level of 1370.
XAU/USD forecast & technical analysis on September 8, 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 1350. The abolition of the variant of the growth of the price for GOLD will be the breakdown of area 132, which will indicate the continuation of the decline in quotations XAU/USD for the target below the area of 1270.
XAU/USD forecast & technical analysis on September 8, 2017 assumes a test of the support level, where the rebound and the rise in prices for GOLD are expected to be above the level of 1370, an additional signal for the growth of the Gold price will be a test of the trend line on the indicator of relative strength index (RSI).
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