Quotes Gold XAU/USD continue to move within the limits of the decline. At this point, we should expect an attempt to correct the quotations and prices of GOLD in the upper boundary of the downlink at 1220. Again, we should expect the continuation of the decline in quotations XAU/USD below the level of 1190.
XAU/USD forecast & technical analysis GOLD on July 11, 2017
In favor of the fall, the downtrend test will test on the indicator of relative strength index (RSI). Cancellation of the fall option will break through the level of 1225, which indicates the continued growth in prices for GOLD.
XAU/USD forecast & technical analysis GOLD on July 11, 2017 suggests a correction attempt to the upper boundary of the descending channel, from which it is expected to continue falling below the level of 1190, an additional signal will test the resistance line on the indicator of relative strength index (RSI).
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