CARDELL

Analytics XAU / USD

OANDA:XAUUSD   Ouro/Dólar Americano
An additional signal in favor of reducing the XAU / USD quotes will be a test of the trend line on the relative strength index (RSI). The second signal will be a rebound from the lower boundary of the ascending channel. Cancellation of the option of falling Gold prices on April 1, 2020 will be a strong growth and a breakdown of the level of 1645. This will indicate a breakdown of the resistance area and continued growth to an area above the level of 1705. Expect an acceleration in the fall of XAU / USD quotes with the breakdown of the support area and closing below 1555.
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