Quotes of Gold XAU/USD continue to move within the limits of growth. At the moment, we should expect an attempt to test the level of 1283 and continue growth with a potential target at 1330. In favor of the growth of XAU/USD quotations, a support line test will be performed on the relative strength indicator (RSI), and the «Head and Shoulders» reversal pattern will be formed.
XAU/USD prediction & technical analysis on October 23, 2017
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. Expect to accelerate growth with the break of the level of the neckline and the closing of quotes above area 1307.
XAU/USD prediction & technical analysis on October 23, 2017 assumes an attempt to continue growth above the level of 1335 as part of the development of the reversal model, the abolition of the decline option will be the breakdown of the area 1260.
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