An additional signal in favor of the rise in quotations and gold prices in the current trading week April 13 — 17, 2020 will be an uptrend test on the ( ). The second signal will be a rebound from the lower boundary of the . Cancellation of the growth option for XAU/USD quotes will be a fall and a breakdown of the area of 1475. This will indicate a breakdown of the and a continued fall in the price of GOLD with a target below the level of 1365. A confirmation of the growth in the value of the asset will be a breakdown of the and closing of quotations above the level of 1725.
GOLD Price Forecast and Analysis April 13 — 17, 2020 implies an attempt to test the near the area of 1515. Then, the continuation of the growth of Gold prices with the target above the level of 1785. A test of the on the ( ) will be in favor of raising quotes. Cancellation of the GOLD growth option will be a fall and a breakdown of the level of 1475. This will indicate a continued decline in quotations to the area below the level of 1365.