Gold Quotes XAU/USD close the trading week near the area of 1256. Quotes continue to move within the bearish channel. It is worth waiting for the continuation of the fall in the area below the level of 1200.
XAU/USD weekly forecast on August 7 — 11, 2017
In favor of falling quotes and prices for Gold is the resistance line test on the indicator of relative strength index (RSI). The abolition of the fall option will be a strong growth and breakdown of the region 1295, which will indicate the continued growth of XAU/USD.
XAU/USD weekly forecast on August 7 — 11, 2017 suggests an attempt to lower the quotations to the area below the level of 1200, an additional signal is the trend line test on the relative strength indicator (RSI), the breakdown will be a breakdown of the level of 1295.
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