Quotes Gold XAU USD continues to move in the forex reversal patterns with the potential double top order to develop at a level below the area of 1160.
At the moment, we can expect a tight test of resistance at the area of 1192-1195, where is again consider selling the expected decrease in quotations and prices for Gold to below the level of 1160.
XAU USD Forecast Gold price on January 31, 2017
But do not rule out a higher compensation and test the resistance of the downlink on the indicator of relative strength, and only then to continue the fall.
Cancellation option quotations falling and the price of gold will make the breakdown area of a local maximum, which indicates continued growth in an XAU/USD quotes.
XAU USD Forecast Gold price on January 31, 2017 suggests an attempt to test the resistance area and the continuation of the fall in mining within the forex reversal patterns.
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