Quotes Gold XAU/USD close the trading week near the area of 1296. Quotes continue to move within a downward correction. At the moment, prices are testing the support area. It is worth to expect an attempt to rebound Gold prices in the region above the level of 1350.
XAU/USD weekly forecast on September 25 — 29, 2017
In favor of the growth of quotations and prices for Gold, a test of the support line on the indicator of relative strength index (RSI) will perform. Cancellation of the growth scenario for XAU/USD will be the fall and breakdown of the 1275 area, indicating that the price of GOLD will continue to decline with a potential target near the level of 1215.
XAU/USD weekly forecast on September 25 — 29, 2017 suggests an attempt to rebound from the support level with a potential growth target near the 1350 area, an additional signal will be a test of the uptrend line on the indicator of relative strength index (RSI), the cancellation of the growth scenario for GOLD prices will be a fall and breakdown area 1275.
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