Gold Quotes XAU/USD continue to move within the framework of the downward model 5-0. It is expected to continue the decline in the area below the level of 1225.
XAU/USD technical analysis & forecast on July 27, 2017
In favor of falling quotations and prices for gold is the breakdown of the upward trend line on the indicator of relative strength index (RSI). Canceling the option of lowering the quotations of XAU/USD will be a breakdown at level 1260, which indicates that the price of gold will continue to grow.
XAU/USD technical analysis & forecast on July 27, 2017 assumes an attempt to test the upper boundary of the bearish model «5-0» and continue the decline to the area below the level of 1225, the cancellation will be the breakdown of the area 1260.
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