GOLD XAU/USD close the trading week near the area of 1290. Quotes continue to move as part of the formation of the «Triangle» model. At the moment, we should expect the test of the lower boundary of the model near the level of 1215 and the continuation of growth above the level of 1340.
XAU/USD forecast on November 27 — December 1, 2017
In favor of the growth of quotations and prices for GOLD, a test of the support line on the indicator of relative strength index (RSI) will perform. Cancellation of the variant of growth of quotations XAU/USD will fall and breakdown of the area 1240, which will indicate the outflow of quotes outside the channel model and the continued fall in prices for GOLD. Expect to accelerate growth is with the breakdown of the upper limit of the model «Triangle».
XAU/USD forecast on November 27 — December 1, 2017 presupposes a test of the broken channel border and the continuation of the fall in GOLD prices with a target below the level of 1215, in favor of the decline will break the trend line on the indicator of relative strength index (RSI), 1240, which will indicate the continuation of the decline.
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