Gold price forecast for the week 15 August — 19 August, 2016


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Quotes Gold XAU USD finished trading at the level of 1336. To date, the week has the potential to continue fall in prices for gold and break through the support level of 1315 in the framework of working out a bearish failure swing pattern on the indicator of relative strength.

Gold price forecast for the week 15 August — 19 August, 2016

Gold price forecast for the week 15 August — 19 August, 2016

Cancellation option of falling prices for gold XAU/USD on the next trading week will be a strong increase in gold and break through the resistance level above the field 1360.

Gold price forecast for the week 15 August — 19 August, 2016 involves penetration level in 1315 due to mining forex reversal patterns the indicator of relative strength.


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