Quotes of Gold XAU/USD continue to move within the upward trend and are currently trading near the area of 1284. We should expect an attempt to tightly test the area of the broken channel and continue growth in the area above the level of 1300.
XAU/USD Forecast Gold prices on April 20, 2017
In favor of the rebound and the growth of quotations and Gold prices is a tight test of an upward Trend line on the indicator of relative strength. In case of a breakdown of the upward support line on the relative strength indicator, one should expect the continuation of the decline to the level below the level of 1260.
XAU/USD Forecast Gold prices on April 20, 2017 presupposes an attempt to test the broken channel border and continue growth to the area above the level of 1300, cancellation will be a breakdown of the trend line on the indicator of relative strength.
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