Quotes of Gold XAU/USD continue to move within the rising channel. At the moment, quotations and Gold prices are being tested in the area of 1235. It is worth to expect an attempt to continue growth in the area above the level of 1245. In favor of the development of the upward movement in XAU/USD, a breakdown of the downward trend line on the indicator of relative strength will perform.
XAU/USD Forecast Forex Gold prices on May 8, 2017
The cancellation of the variant of the development of the ascending movement along the Gold will be the breakdown of the lower boundary of the channel and the fall into the region below the level of 1200.
XAU/USD Forecast Forex Gold prices on May 8, 2017 suggests an attempt to continue growth within the rebound from the lower boundary of the rising channel with the first target near the area of 1245, cancellation will break the border of the channel.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
