Quotes of Gold XAU/USD continue to move within the limits of growth. At the moment, we should expect an attempt to drop quotes below the level of 1275 as part of the completion of the «Head and Shoulders» reversal pattern.
XAU/USD prediction & technical analysis on October 17, 2017
Where again we should expect a rebound and a rise in the price of Gold above the level of 1335. In favor of falling quotations XAU/USD is the formation of a reversal model the «Failure Swing» on the indicator of relative strength index (RSI). The cancellation of the variant of the fall in the price of Gold will be the breakdown of the area of 1320, which will indicate that the price of Gold XAU/USD continues to rise above the level of 1335.
XAU/USD prediction & technical analysis on October 17, 2017 suggests an attempt to fall below 1275, from which it is expected to rebound and continue to rise in GOLD prices above the level of 1335 as part of the development of the reversal pattern.
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