Quotes Gold XAU/USD continue to move within the framework of a strong bullish momentum. At the moment, we should expect an attempt to fall into the area below the level of 1250 as part of the start-up of the bearish wave model of Wolfe.
XAU/USD forecast & technical analysis GOLD on August 15, 2017
In favor of falling quotations XAU/USD will make the formation of a reversal model the failure swing on the indicator of relative strength index (RSI). The cancellation of the variant of the fall in the price of Gold will be the breakdown of the area of 1295, which will indicate the continued growth.
XAU/USD forecast & technical analysis GOLD on August 15, 2017 assumes a test of the level of 1290, from which one should expect a rebound and a drop in quotes and Gold prices in the area below the level of 1250 as part of the start-up of the bearish wave model of Wolfe.
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