Gold Quotes XAU/USD continue to move in the framework of the forex pattern «Head and Shoulders». At the moment, quotes are clamped within the «Triangle» model. It is worth waiting for an attempt to drop and break the lower boundary of the model, which will indicate the continued decline in quotations and prices for gold.
XAU/USD forecast Forex GOLD prices on May 26, 2017
In favor of the fall is the test of the downward trend line on the indicator of relative strength. The cancellation of the fall option will result in a strong growth and breakdown of the 1265 area, indicating a potential test of the 1275 area.
XAU/USD forecast Forex GOLD prices on May 26, 2017 suggests an attempt to fall to the lower boundary of the «Triangle» model, with a breakdown which is expected to continue the decline in gold prices, cancellation may become a breakdown of the 1265 area, which will indicate the continued growth of XAU/USD.
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