Quotes Gold XAU USD continues to move in the upward correction, but at the moment of quotations of gold left the rising channel. Also, the values of the relative strength indicator forex struck down triangle model, which indicates that an attempt to continue to fall short of support at the level of 1160, followed by a fall to below the level of 1105.
XAU USD forecast Gold price on January 23, 2017
In favor of a continuation of falling of quotations and prices for Gold serves the formation of reversal pattern Forex Head and shoulders at shorter periods of time, since the breakdown of the neckline level we can expect the acceleration of falling XAU/USD quotes.
Cancellation option price reduction on Gold 23.012017 would be a strong growth area in 1225 and the breakdown of the closing prices that point to continued growth.
XAU USD forecast Gold price on January 23, 2017 suggests an attempt to fall within the mining forex reversal patterns with the potential target of the fall in the level below the region in 1160.
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