Gold Quotes XAU/USD completed the trading week at 1286. Gold was able to break through the upper boundary of the descending channel. It is expected to continue the growth of quotations and prices for Gold in the area above the level of 1305.
XAU/USD Forecast Gold prices on April 17 — 21, 2017
In favor of continuing the growth of quotations XAU/USD is the breakdown of the downward resistance line on the indicator of relative strength. Canceling the option of continuing the growth of quotations and prices for Gold will be the fall and breakdown of the area of 1255, which will indicate the return of quotations to the inside of the descending channel and the continuation of the decline of Gold.
XAU/USD Forecast Gold prices on April 17 — 21, 2017 involves an attempt to test the upper boundary of the uplink near area 1305 within the rebound from the broken trend line on the relative strength indicator, cancel the breakdown of the 1255 area.
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