Quotes Gold XAU USD continues to move in the forex of the descending pattern Wolfe waves with the potential to reduce the level below the area of 1135. Cancellation option will be a strong growth of quotations and sample area 1170 closing prices, that will point to a continuation of upward correction.
XAU USD forecast Gold price on January 4, 2017
In favor of a continuation of the fall is the breakdown of the trend line on the indicator of relative strength, indicating a breakdown on the chart a similar line. Is expected to accelerate the fall of quotes and prices for Gold only after the breakdown field of the local minimum.
XAU USD forecast Gold price on January 4, 2017 suggests an attempt to continue the fall of 1135 with a sample of the field closing prices within the mining Forex Wolfe wave model.
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