Quotes Gold XAU USD continues to test the area at the level of 1327, the nearest support stands lower boundary of the rising channel. At the time of the test should not expect a rebound and the development of an attempt to continue the growth XAU USD quotes in the area above the level of 1350 in the framework of the completion of the formation of topping models forex head and shoulders.
XAU USD price forecast for gold on July 19, 2016
After that we can expect the beginning of the XAU USD quotes drop to below the level of 1300. The fall of the Cancellation option will break through the level of 1370, which points to continued growth and refinement of bovine model 1:1 with a view above the level of 1420.
XAU USD price forecast for gold on July 19, 2016 suggests an attempt to rebound from the bottom of the channel and the beginning of growth XAU USD quotes.
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