Quotes of XAU/USD Gold continue to test the support area and at the moment there is still potential for continuing the fall of quotations in the area below the level of 1235. In favor of the fall, the breakdown of the local minimum area will occur.
XAU/USD Forecast GOLD prices on May 3, 2017
However, we should not exclude the attempt to test the upper limit of the descending channel and only after this continuation of the decline. The cancellation of the variant of falling quotations and prices for Gold will be a strong growth and breakdown of the region 1265, which will indicate the perforation of the growth of Gold quotations.
XAU/USD Forecast GOLD prices on May 3, 2017 suggests an attempt to drop the XAU/USD to the area below the level of 1235, the cancellation will be the breakdown of the upper boundary area of the downward 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
