Quotes Gold XAU USD ended the trading week at the level of 1208. At the moment quotes are testing dense region of the upper limit of the downward channel FX 1:1 model, which indicates that an attempt to continue to fall below the level of 1105.
Gold price Forecast on January 23, 2017 — January 27, 2017
In the fall of quotations favor option XAU/USD appears tight test resistance area on the indicator of relative strength.
Cancellation option on Gold prices fall will be strong growth and the breakdown region of the upper boundary of the descending channel that will point to a continuation of XAU/USD quotations growth in the region at the level of 1250.
Gold price Forecast on January 23, 2017 — January 27, 2017 suggests an attempt to rebound from the upper border of the descending channel quotes continued to fall below the level of 1105 in the framework of working off of forex 1:1 model.
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