Quotes of Gold XAU/USD continue to move within the downward channel. It is worth to expect an attempt to correct the quotations in the area above the level of 1235, and further continue the decline in GOLD prices in the area below the level of 1205.
XAU/USD forecast Forex GOLD price on July 7, 2017
In favor of falling quotations and the price of Gold will come a close test of the downward trend line on the indicator of relative strength. The abolition of the reduction option will be a strong growth and breakdown of the area 1245, which will indicate the continuation of the bullish correction.
XAU/USD forecast Forex GOLD price on July 7, 2017 suggests an attempt to increase to the upper border of the channel at the level of 1235, from which it is expected to continue the decline of XAU/USD quotations to the area below the level of 1205.
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