Quotes Gold XAU USD continues to move in the downward trend and bearish forex 1:1 model with a potential target of the fall and working out at a level below the area 1105. In favor of the fall is the beginning of the formation of topping models forex failure swing in the relative strength indicator, which indicates an area breakdown 1175.
XAU USD forecast GOLD price on January 11, 2017
Acceleration of the fall should not expect a breakdown of the trend line on the indicator of relative strength. But do not rule out an attempt to test the upper boundary of the descending channel and only after that to continue falling, an important signal to continue.
Reduction will be a breakdown of the rising channel’s lower border, which indicates the end of an upward correction in gold.
XAU USD forecast GOLD price on January 11, 2017 suggests an attempt within the mining forex reversal patterns an indicator of relative strength, the cancellation option will strong growth above the level of 1205.
