GOLD XAU/USD close the trading week near the area of 1332. Quotes continue to move within the bullish channel. At the moment, we should expect a test of the support level near the area of 1310 and the continuation of growth above the level of 1390.
XAU/USD weekly forecast April 9 — 13, 2018
In favor of the growth of quotations and prices for GOLD will perform a test of the support line on the indicator of relative strength index (RSI). Cancellation of the variant of growth of XAU/USD quotations will be the fall and breakdown of the area of 1290, which will indicate the breakdown of the lower boundary of the bullish channel and the continuation of the fall in gold prices with a target below the level of 1260. A confirmation of the growth of the price of Gold in the current trading week will break through the resistance level and close above the region 1360.
XAU/USD weekly forecast April 9 — 13, 2018 involves an attempt to test the bottom of the upward channel near the 1310 area and the start of a rise in gold prices with a target above the level of 1390, in favor of growth, a trend line test on the relative strength index (RSI), the cancellation of the growth option of GOLD will be a breakdown of the level of 1290, which indicates the continuation of the fall into the area below 1220.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
