Quotes of GOLD continue to move within the limits of the decline. At this point, we should expect a test of the support level near the 1320 area. Where can we expect the rebound and the continued growth in the price of GOLD with a target above the level of 1340.
XAU/USD forecast & technical analysis March 30, 2018
In favor of the growth of quotations XAU/USD will perform a test of the support area on the indicator of relative strength index (RSI). Cancellation of the variant of the price increase for GOLD will be the fall and breakdown of the area 1310, which will indicate the breakdown of the lower boundary of the Triangle model and the continuation of the fall into the area below the level of 1290. To expect confirmation of the growth of XAU/USD prices is with the breakdown of the resistance area and the closing above the level of 1360.
XAU/USD forecast & technical analysis March 30, 2018 suggests an attempt to test the support level near the 1320 area and the continuation of the growth of quotations with a target above the level of 1340, the abolition of the GOLD price growth scenario will be a breakdown at level 1310, in which case it is expected to decline in area below level 1290.