Quotes of GOLD XAU/USD continue to move within the framework of the «Triangle» model. At this point, we should expect an attempt to break the upper limit of the model and continue to grow above the level of 1310. In favor of the growth of quotations XAU/USD will perform a test of the support line on the indicator of relative strength index (RSI).
XAU/USD prediction & technical analysis on November 21, 2017
The cancellation of the variant of the growth of the prices for GOLD will be the breakdown of the area of 1280, which will indicate the fall to the lower boundary of the Triangle model. Expect the acceleration of growth is with the breakdown of the level of 1300, which indicates the outflow of quotes outside the model.
XAU/USD prediction & technical analysis on November 21, 2017 assumes a 1285 test of the test and the continuation of the growth with a target above the level of 1310, the cancellation of the GOLD price rise will trigger a breakdown at level 1280, indicating the lower bound of the «Triangle» model.
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