Quotes of XAU/USD Gold continue to move within the descending channel and it is expected to continue falling to the area below the level of 1250. In favor of the drop is a rebound from the descending line of resistance on the indicator of relative strength.
XAU/USD Forecast Gold prices on April 28, 2017
The cancellation of the drop in quotations and the price of Gold will result in a strong growth and breakdown of the 1275 area, indicating that the growth will continue to increase above the level of 1290. Expect the acceleration of the fall in the quotations XAU/USD stands with the breakdown of the local minimum area.
XAU/USD Forecast Gold prices on April 28, 2017 assumes an attempt to continue falling to the area below the level of 1250 within the rebound of the values of the relative strength indicator from the resistance line, the breakdown of the region 1275 will be a cancellation.
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