XAU USD Forecast Gold price on September 12, 2016


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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

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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