Quotes GOLD XAU/USD close the trading week near the area of 1267. Quotes continue to move in the formation of the model «Triangle». At this point, we should expect a rebound test of the lower boundary of the channel and the continuation of the fall below the level of 1210.
XAU/USD weekly forecast on November 6 — 10, 2017
In favor of falling quotations and prices for GOLD, a breakdown of the support line on the indicator of relative strength index (RSI) will perform. The cancellation of the fall of XAU/USD quotations will result in a strong growth and breakdown of the area of 1290, which will indicate the outflow of quotes outside the Triangle model and the continuation of the price increase for GOLD. Expect to accelerate the fall is with the breakdown of the area 1255.
XAU/USD weekly forecast on November 6 — 10, 2017 presupposes a test of the broken channel border and the continuation of the fall in gold prices with a target below the level of 1210, in favor of the decline will break the trend line on the indicator of relative strength index (RSI).
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