Quotes Gold XAU USD continues to trade within a descending channel. To date, the potential is retained for the test the upper boundary and complete the formation of a bearish pattern 1: 1 with a view to working out and fall to below the area of 1305.
XAU USD Forecast Gold price on September 12, 2016
Cancellation option will be a strong growth of quotations and price of gold above the level of 1360 points to the quotes that leaves the channel and continued growth with a view above the level of 1390. An additional signal in favor of the fall can be a test of resistance area on the indicator of relative strength.
XAU USD Forecast Gold price on September 12, 2016 suggests an attempt to fall after a minor correction to the upper limit of the downward channel.
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