Quotes of Gold XAU/USD continue to move within the framework of the «Triangle» model. At the moment, we should wait for the test of the 1265 level and continue the growth with the target at the level of 1290. In favor of the growth of quotations XAU/USD will perform a test of the support line on the indicator of relative strength index (RSI).
XAU/USD prediction & technical analysis on October 31, 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 GOLD XAU/USD continues to fall below the level of 1200. Expect to accelerate growth with a breakdown of the level of 1275.
XAU/USD prediction & technical analysis on October 31, 2017 involves an attempt to rebound from the level of support and continue growth with the target near the level of 1290, the cancellation of the variant of the growth in the prices for GOLD will break through the level of 1260.
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