Gold Quotes XAU/USD close the trading week near the area of 1324. Quotes continue to move within the upward momentum. At the moment, prices have pushed off the upper border of the bullish channel. It is worth to expect an attempt to drop GOLD prices in the support area near the level of 1295.
XAU/USD weekly forecast on September 18 — 22, 2017
In favor of falling quotes and prices for GOLD is the formation of a reversal model on the indicator of relative strength index (RSI). Cancellation of the variant of the fall in XAU/USD quotations will trigger the breakdown of the area 1365, which will indicate the continued growth in the price of Gold with a potential target near the area of 1405.
XAU/USD weekly forecast on September 18 — 22, 2017 suggests a rebound from the upper boundary of the channel to fall near the level of 1295, an additional signal will be the formation of a reversal pattern on the indicator of relative strength index (RSI), the cancellation of the fall in GOLD prices will be strong growth and breakdown of the region 1365.
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