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 1270 and continue growth with a potential target at the level of 1295. In favor of the growth of quotations XAU/USD is the test of the support line on the indicator of relative strength index (RSI), as well as the formation of a bullish wave of Wolfe.
XAU/USD prediction & technical analysis on October 24, 2017
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 XAU/USD continues to fall below the level of 1200. Expect to accelerate growth with a breakdown of the level of 1280.
XAU/USD prediction & technical analysis on October 24, 2017 assumes an attempt to continue the growth above the level of 1295 as part of the development of the bull model of the Wolfe wave, the cancellation of the growth option will be the breakdown of the area 1260.
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