Quotes Gold XAU USD continues to move in the upward correction and at the moment there is the potential to see an attempt to turn the price of gold as part of the beginning of the mining Forex Double Top pattern.
In favor of the version of the fall appears the breakdown of the rising channel’s lower border, and another test downward trend line on the indicator of relative strength.
XAU USD Forecast Gold price on January 24, 2017
Acceleration drop in prices and the price of gold is expected to support an area breakdown level of 1200. Cancellation option reduce quotes XAU/USD will rise above the level of 1220, which points to the continued growth of quotations of gold in the forex.
XAU USD Forecast Gold price on January 24, 2017 suggests an attempt to fall within the beginning of working out a reversal pattern Forex Double Top with a potential target of the fall in the level below the region in 1175, the abolition of the sample scenario will be a maximum area.
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