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 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.