Quotes of Gold XAU USD continue to move within the upward trend and at the moment quotes are testing the local maximum area. At this point, we should expect a rebound and a drop in quotations to the lower boundary of the rising channel at 1282, from which we should expect a continuation of the price increase for Gold.
XAU/USD Forecast Forex Gold on April 17, 2017
In favor of continuing the development of the upward trend, a tight test of the support line on the indicator of relative strength will perform.
XAU/USD Forecast Forex Gold on April 17, 2017 suggests an attempt to correct the area of the lower border of the channel and continue the growth of quotations to the area above the level of 1295, the breakdown will be the breakdown of the area 1280, which will indicate the continuation of the decline to the area below the level of 1275.
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