Quotes Gold XAU/USD continue to move near the local maximum area. At the moment, quotations and Gold prices are testing the area of the upper boundary of the downside model 5-0. It is worth expecting a rebound and a fall in quotations of XAU/USD below the level of 1230.
XAU/USD technical analysis & forecast on July 26, 2017
In favor of the fall, a trendline test will be performed on the indicator of relative strength index (RSI). The cancellation of the option of reducing the price of gold will be a breakdown at level 1265, which will indicate continued growth.
XAU/USD technical analysis & forecast on July 26, 2017 suggests a rebound from the upper boundary of the channel and a drop below the level of 1235, an additional signal will be a test of the resistance line on the RSI indicator.
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