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 9, 2017
Cancellation of the variant of the fall in the price of GOLD will be the breakdown of the area of 1295, which will indicate that the price of GOLD XAU/USD will continue to increase 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, which will indicate the quotes outflow model.
XAU/USD prediction & technical analysis on November 9, 2017 suggests a test of the resistance level 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 1295.
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