GOLD XAU/USD close the trading week near area 1341. Quotes continue to move within the bullish channel. At the moment, we should expect a test of the support level near the area of 1310 and the continuation of growth above the level of 1420.
XAU/USD weekly forecast on March 26 — 30, 2018
In favor of the growth of quotations and prices for Gold will perform a test of the support line on the indicator of relative strength index (RSI). Cancellation of the growth scenario for XAU/USD will be the fall and breakdown of the 1280 area, which will indicate the breakdown of the lower border of the rising channel and the continuation of the fall in GOLD prices with a target below the level of 1220. A confirmation of the price increase Gold in the current trading week will break through the resistance level and close above the region 1385.
XAU/USD weekly forecast on March 26 — 30, 2018 suggests an attempt to test the bottom of the uplink near the 1310 area and the start of the price increase for Gold with a target above the level of 1420, in favor of growth, a trendline test will be performed on the relative strength index (RSI), the cancellation of the growth option of GOLD will be a breakdown at level 1280, which indicates the continuation of the fall into the area below 1220.