Quotes Gold XAU USD continues to fall within our forecast XAU USD. The purpose of the fall is the lower boundary of the rising channel.
Gold Price Forecast — May 23, 2016
Where is expected to attempt to upward correction. In the case of a penetration level of 1220 is expected to continue falling of quotations Gold is below the level of 1200. An additional signal in favor of the fall is the formation of a head and shoulders pattern on the indicator of relative strength, it also points to a potential drop in the price of gold. Gold Price Forecast — May 23, 2016 assumes the lower limit level of the test at the level of 1220, which can be rebound.
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