Quotes of Gold XAU/USD continue to move within the upward trend and at the moment there is potential for rebound and continued growth of quotations and Gold prices in the region above the level of 1300. In favor of the growth of XAU/USD quotations, a dense test of the upward trend line on the indicator of relative strength appears.
XAU/USD Forecast Gold prices on April 21, 2017
Cancellation of the growth option will be a fall and breakdown of the 1275 area, indicating that the decline will continue to fall below the level of 1260. Expect an acceleration in the growth of quotations and prices for gold, with a breakdown of the local maximum area.
XAU/USD Forecast Gold prices on April 21, 2017 suggests an attempt to increase Gold’s quotations to an area above the level of 1300 within the rebound from the uptrend line on the relative strength indicator, the fall and breakdown of the 1275 area will be a cancellation.
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