Quotes of XAU/USD Gold continue to move within the downward trend and at the moment there is still potential for testing the upper limit of the descending channel and continuing the decline to the area below the level of 1235. In favor of the drop, a downtrend test on the relative strength indicator will perform. The cancellation of the variant of falling quotations and prices for Gold will be a strong growth and breakdown of the area of 1260, which will indicate the continued growth of XAU/USD in the area above the level of 1270.
XAU/USD Forecast Forex Gold on May 4, 2017
XAU/USD Forecast Forex Gold on May 4, 2017 implies an attempt to continue the decline to the area below the level of 1235 within the rebound from the upper boundary of the descending channel, the cancellation will be the breakdown of the area 1260.
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