Quotes of Gold XAU/USD continue to move within the bearish channel. At the moment, we should expect a test of the level of the upper border of the channel near the level of 1297 and the continuation of the fall in gold prices below the level of 1270.
XAU/USD prediction & technical analysis on September 26, 2017
In favor of falling quotations XAU/USD is a test of the bearish trendline on the indicator of relative strength index (RSI). To expect the acceleration of the fall is with the breakdown of the level of 1285. The abolition of the variant of the fall in the price of GOLD will be the breakdown of the area of 1315, which will indicate the continued growth of XAU/USD above the level of 1350.
XAU/USD prediction & technical analysis on September 26, 2017 assumes an attempt to test the upper border of the channel and continue the decline to the area below 1270, an additional signal in favor of the drop is the trendline test on the relative strength indicator (RSI), breakdown of area 1315.