Gold Futures XAUUSD weekly insight for November 20 — 24, 2017

Gold Futures XAUUSD weekly insight for November 20 — 24, 2017

Gold Futures XAUUSD weekly insight for November 20 — 24, 2017

  •   GOLD futures XAU/USD close the trading week near the area of 1285
  • Quotes continued to move as part of the formation of the «Triangle» model.
  • continuation of the fall of GOLD below the level of 1215.

In favor of lower quotations and prices for GOLD, a breakdown of the support line on the indicator of relative strength index

CURRENCY TRADERS Gold Futures XAUUSD weekly insight  GOLD futures XAU/USD close the trading week near the area of 1285. Quotes continued to move as part of the formation of the «Triangle» model. At the moment, we should expect a test of the broken border of the bullish channel and the continuation of the fall of GOLD below the level of 1215.

CURRENCY TRADERS Gold Futures XAUUSD weekly insight  GOLD futures XAU/USD close the trading week near the area of 1285

Gold Futures XAUUSD weekly insight

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Investors Buzz Traders In favor of lower quotations and prices for GOLD, a breakdown of the support line on the indicator of relative strength index (RSI) will perform. The cancellation of the fall of XAU/USD quotations will result in a strong growth and breakdown of the 1300 area, which will indicate the outflow of quotes outside the «Triangle» model and the continuation of the price increase for GOLD. Expect to accelerate the fall is the breakdown of the area 1255.

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), which indicates the continued growth.

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Jadtecnic

Richard Dambrosi (JADTECNIC) Has Been Sharing FOREX INVESTORS ANALYSIS FORECAST since 2011. Editors and Founder of InvestorsBuz.com, has a passion for Forex Social Sharing analysis and Market Trends Such as Self Driving Cars, Electric Cars, Medical Marijuana, 3d printing and Cloud computing, Refers to Readers as BUZ INVESTORS.

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