Quotes of Gold XAU/USD continue to develop an upward trend and are currently trading near the area of 1275. It is worth to expect an attempt of a minor correction to the area below the level of 1265, from which we should expect a rebound and continued growth in the area above 1285.
Technical analysis and Forecast XAU/USD on April 12, 2017
In favor of continued growth in quotations and gold prices, A test of a broken trend line on the indicator of relative strength. Canceling the option of continuing the growth of quotations XAU/USD will break through the area of 1255, indicating that the fall in the area below the level of 1240.
Technical analysis and Forecast XAU/USD on April 12, 2017 suggests an attempt to correct for the area of 1265 and continue growth to the area above the level of 1285 within the rebound from the broken trend line on the indicator of relative strength.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
