Quotes Gold XAU/USD close the trading week near the area of 1248. It is worth waiting for an attempt to continue the growth of prices for GOLD in the area above the level of 1265, where again we should expect a decline in quotations and prices for Gold.
XAU/USD weekly forecast on July 24 — 28, 2017
In favor of the fall, a dense test of the resistance line will appear on the indicator of relative strength index (RSI). The fall target is the lower boundary of the channel at the level of 1195. Cancellation of the variant of the fall of quotations XAU/USD will break through the level of 1285, which indicates the continued growth in prices for gold.
XAU/USD weekly forecast on July 24 — 28, 2017 suggests an attempt to lower to the area below the level of 1195 as part of the formation of the bullish Wolfe wave, in favor of the fall will perform a resistance line test on the relative strength indicator.
