Quotes of GOLD XAU/USD continue to move within the framework of the «Triangle» model. At the moment, we should expect an attempt to test the level of 1285 and continue the fall in gold prices below the level of 1240. In favor of falling quotations XAU/USD will test the resistance line on the indicator of relative strength index (RSI).
XAU/USD prediction & technical analysis on November 14, 2017
Canceling the variant of falling prices for GOLD will be a breakdown of the area of 1300, which will indicate the outflow of quotes outside the Triangle model and the continuation of the growth of XAU/USD Gold above the level of 1325. Expect the acceleration of the fall is with the breakdown of the lower boundary of the «Triangle» and closing below 1265, which will indicate the output of quotations outside the model.
XAU/USD prediction & technical analysis on November 14, 2017 assumes an attempt to test the level of 1285 and the continuation of the fall with the target near the level of 1240, the cancellation of the variant of falling prices for GOLD will break through the level of 1300.
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