GOLD XAU/USD close the trading week near the area of 1319. Quotes continue to move within the correction. At the moment, we should expect a test of the support level near the area of 1300 and the continuation of growth above the level of 1365.
XAU/USD weekly forecast on March 19 — 23, 2018
In favor of the growth of quotations and prices for Gold will perform a test of the support line on the indicator of relative strength index (RSI). Cancellation of the variant of growth of XAU/USD quotations will be the fall and breakdown of the 1290 area, which will indicate the breakdown of the lower border of the bullish channel and the continuation of the fall in GOLD prices with a target below the level of 1250. A confirmation of the growth of the price of GOLD in the current trading week will be the breakdown of the upper limit of the «Wedge» model and closing above level 1330.
XAU/USD weekly forecast on March 19 — 23, 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 1365, in favor of growth will test the trend line on the indicator of relative strength, 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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