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 1280 and continue falling prices for GOLD 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 7, 2017
The cancellation of the variant of the fall in the price of GOLD will be the breakdown of the area of 1290, which will indicate that the price of GOLD XAU/USD will continue to rise above the level of 1315. Expect the acceleration of the fall is the breakdown of the lower boundary of the «Triangle» and closing below 1265.
XAU/USD prediction & technical analysis on November 7, 2017 assumes an attempt to test the level of 1280 and continue falling with the target near the level of 1245, the cancellation of the variant of falling prices for GOLD will break through the level of 1290.
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