Quotes of Gold XAU/USD continue to decline and at the moment Gold quotes tightly test the support area. It is worth waiting for an attempt to test the upper limit of the descending channel and continue falling of quotations XAU/USD in the area below the level of 1240.
XAU/USD Forex Forecast Gold prices on May 2, 2017
The abolition of the decline option will be a strong growth and breakdown of the area 1265, which will indicate a rebound from the support area and the continued growth in gold prices. Expect to accelerate the fall is with the breakdown of the area 1250.
XAU/USD Forex Forecast Gold prices on May 2, 2017 suggests an attempt to continue the decline to the area below the level of 1240 within the rebound from the level of the upper boundary of the descending channel.
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