Quotes of Gold XAU/USD continue to move within the limits of growth. At the moment, we should expect a test of the broken down channel border near the level of 1285, and then continue the growth of quotations above the level of 1320. In favor of the growth of quotations XAU/USD is the formation of a bullish model «5-0».
XAU/USD prediction & technical analysis on October 12, 2017
Expect to accelerate the growth of XAU/USD with a breakdown of the level of 1300. Cancellation of the variant of the growth of the price for Gold will be the breakdown of the area 1260, which will indicate the breakdown of the lower border of the channel and the continuation of the fall in prices for GOLD XAU/USD below the level of 1225.
XAU/USD prediction & technical analysis on October 12, 2017 suggests an attempt to test the broken channel’s border and continue growing above the level of 1320 as part of the start-up of the bullish model «5-0», the breakdown of the region 1260 will be a cancellation.