GOLD XAU/USD close the trading week near the area of 1255. Quotes continue to move in a bearish trend. At the moment, we should expect a test of the upper border of the channel near the area of 1270 and the continuation of the fall in the price of GOLD below the level of 1190.
XAU/USD weekly forecast July 9 — 13, 2018
In favor of falling quotations and prices for GOLD will perform a downtrend test of the trend 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 1285 area, which will indicate the breakdown of the resistance area and the continued rise in GOLD prices with a target above the level of 1315. A breakdown of the support area and closing below the level of 1240 will confirm the development of a downward trend.
XAU/USD weekly forecast July 9 — 13, 2018 suggests a test of the resistance level near the 1270 area and the continuation of the fall in GOLD prices with a target below the level of 1190, in favor of the fall will perform a trend line test on the relative strength index (RSI).
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Hello, thanks for the gold forecast, But what is the entry and exit point? Would you mind giving to the public?
Hi!
Thanks for the comment.
We move to small time intervals and look for only signals to sell.