XAU/USD weekly forecast on January 15 — 19, 2018


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GOLD XAU/USD close the trading week near the area of ​​1320. Quotes continue to move within the framework of strong growth. At the moment, we should expect a test of the level of 1330 and the continuation of the fall below the level of 1260.

XAU/USD weekly forecast on January 15 — 19, 2018

In favor of falling quotes and prices for GOLD is the resistance line test on the indicator of relative strength index (RSI). The cancellation of the fall in XAU/USD quotations will result in a strong growth and breakdown of the area of ​​1345, indicating that the price of gold will continue to increase with the target above the level of 1390. Expect to accelerate the fall in gold prices with a breakdown at level 1310.

XAU/USD weekly forecast on January 15 — 19, 2018

XAU/USD weekly forecast on January 15 — 19, 2018 suggests a test of the 1330 level and the beginning of a drop in GOLD prices below the level of 1260, in favor of the drop, a resistance line test will be performed on the relative strength index (RSI), the cancellation of the fall version will be a breakdown at level 1345, which will indicate the continued growth.


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