Quotes Gold XAU USD continues to move in the upward trend and currently quotes able to penetrate the area of resistance, but do not expect the quotes to continue rising due to the dense test downward trend line on the indicator of relative strength.
Technical analysis and forecast GOLD on February 3, 2017
We should expect the attempt to fall and return of quotations Gold below 1208. Cancellation option will be a breakdown of the field resistance to the relative strength indicator that indicates continued growth in an area above the level of 1250.
Technical analysis and forecast GOLD on February 3, 2017 suggests an attempt to rebound quotes and prices for Gold to 1208 as part of the test the resistance line on the indicator of relative strength, otherwise we can expect a tight test area in 1250.
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