GOLD XAU/USD close the trading week near the area of 1324. Quotes continue to move within the correction. At the moment, we should expect a support level test near the 1300 area and the continuation of the growth above the level of 1385. In favor of the growth of quotations and GOLD prices, a support line test will be performed on the indicator of relative strength index (RSI).
XAU/USD weekly forecast on March 12 — 16, 2018
Cancellation of the variant of growth of quotations XAU/USD will fall and breakdown of the area 1290, which will indicate the breakdown of the lower boundary of the bullish channel and the continuation of the fall in gold prices with a target below 1250 level.
XAU/USD weekly forecast on March 12 — 16, 2018 suggests an attempt to test the bottom upstream channel near the 1300 area and the start of a rise in GOLD prices with a target above the level of 1385, in favor of growth, the trend line test on the relative strength index (RSI), GOLD growth option will be a breakdown at the level of 1290, which indicates the continuation of the fall in the area below 1250.
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