GOLD XAU/USD close the trading week near the area of 1268. Quotes continue to move within the bearish trend. At the moment, we should expect a test of the upper border of the channel near the area of 1285 and the continuation of the fall in the price of GOLD below the level of 1205.
XAU/USD weekly forecast June 25 — 29, 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 the XAU/USD quotation will result in a strong growth and breakdown of the area of 1310, which will indicate the breakdown of the resistance area and the continuation of the price increase for GOLD with a target above the level of 1375. A breakdown of the support area and closing below the level of 1245 will confirm the development of a bearish trend.
XAU/USD weekly forecast June 25 — 29, 2018 suggests an attempt to test the resistance level near the area of 1285 and the continuation of the fall in GOLD prices with a target below the level of 1245, in favor of the fall, a trend line test will be performed on the relative strength index (RSI), GOLD will be a breakthrough level of 1310, indicating that continued growth in the area above the level of 1375.
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