Quotes of GOLD XAU/USD continue to move within the framework of an upward correction and are currently testing the resistance area. The potential for rebounding and falling prices and GOLD prices in the area below the level of 1210 is maintained.
XAU/USD forecast Gold prices on May 17, 2017
In favor of the drop, breakdown of the upward trend line on the indicator of relative strength acts. The cancellation of the fall of XAU/USD quotations will result in a strong growth and breakdown of the 1240 area, which will indicate the continued growth of GOLD quotations.
XAU/USD forecast Gold prices on May 17, 2017 suggests an attempt to rebound from the resistance area and continue the decline to the local minimum area, in favor of the fall is the breakdown of the trend line on the indicator of relative strength.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
