Quotes of Gold XAU/USD continue to move within the limits of the decline. At the moment, we should expect a test of the support level near the area of 1295 and a growth above 1340. In favor of the growth of quotations XAU/USD is the formation of the reversal model of the «Head and Shoulders», as well as the test of the broken trend line on the indicator of relative strength index (RSI).
XAU/USD prediction & technical analysis on September 27, 2017
Expect to accelerate the growth of XAU/USD with a breakdown of the level of 1315. The abolition of the variant of the growth of the price for GOLD will be the breakdown of the area of 1290, which will indicate the continuation of the decline of XAU/USD below the level of 1260.
XAU/USD prediction & technical analysis on September 27, 2017 involves an attempt to test the upper boundary of the channel and continue the decline to a region below 1270, an additional signal in favor of the drop is the trend line test on the relative strength indicator (RSI), breakdown of area 1315.
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