Quotes Gold XAU/USD close the trading week near the area of 1256. Quotes continue to push off the level of the upper boundary of the bearish channel. It is necessary to expect the continuation of the decline in the area below the level of 1180.
XAU/USD weekly forecast June 19 — 23, 2017
In favor of the fall, the values of the relative strength indicator come off the trend line on the indicator of relative strength. Expect to accelerate the fall in quotations and the price of gold is with the breakdown of the lower boundary of the rising channel. The abolition of the decline option will be a breakdown of the local maximum level and the closing of quotations XAU/USD above the level of 1305.
XAU/USD weekly forecast June 19 — 23, 2017 suggests an attempt to lower the price of Gold to fall below the level of 1180, the cancellation of the option will be the growth of XAU/USD quotations above the level of 1305.
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