XAU USD weekly forecast on August 28 — September 1, 2017 by FxPremiere Group sent daily
XAU USD weekly forecast on August 28 — September 1, 2017
Quotes Gold XAU/USD close the trading week near the area of 1295. Quotes continued to move within the trend and testing resistance near the 1311 area. It is worth seeing a rebound attempt and the beginning of the drop of the GOLD prices in the region below the level of 1224.
In the news seen of the falling quotations and the price of Gold XAUUSD is the formation of the reversal model of the head shoulder movements on the relative strength index ( RSI INDEX level seen ). Cancellation of the variant of the drop of quotations XAU/USD will break through the area of 1324, which will indicate the continued growth in prices for gold levels seen before.
XAU USD weekly forecast on August 28 — September 1, 2017 by FxPremiere Group Signals
XAU USD weekly forecast on August 28 — September 1, 2017 suggests resistance level with a potential downside target near the 1224area, an additional signal is the formation seen on the volatility of the reversal pattern on the relative strength indicator ( RSI ), the breakdown of the region 1324 will be a cancellation level.
Expect as usual the beginning of the drop in the price of XAUUSD Gold is with the break-down of the boundary of the Wedge and the closing of quotation below the area of 1279. The variant of the drop in the price of Gold | XAUUSD will be the breakdown of the area of 1324, which will indicate the growth onwards path of quotations and the abolition of the Wedge scheme.
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