Quotes of Gold XAU/USD continue to move within the limits of the decline. At this point, we should expect an attempt to test the level of 1280 as part of the completion of the «Head and Shoulders» reversal pattern. Where again we should expect a rebound and a rise in gold prices above the level of 1335.
XAU/USD prediction & technical analysis on October 19, 2017
In favor of the growth of XAU/USD quotes, the support line test is on the indicator of relative strength index (RSI). The cancellation of the variant of the growth of the price for GOLD will be the breakdown of the area of 1260, which will indicate that the price of gold XAU/USD continues to fall below the level of 1200.
XAU/USD prediction & technical analysis on October 19, 2017 implies 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, the abolition of the decline option will be the breakdown of the area 1260.
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