Quotes Gold XAU USD continues to move in the development of ascending correction, but the potential for return into a downward FX 1:1 model is saved, that will point to the continuation of decline in gold prices.
In favor of the version of the fall of the lower boundary of the sample perform forex triangle patterns on the relative strength indicator that indicates the acceleration XAU/USD decline.
XAU USD Forecast price GOLD on January 16, 2017
Cancellation option will be a breakdown of the area in 1210, which points to the potential increase in the resistance area at 1250. Consider selling XAU USD worth only a breakdown of the rising channel’s lower border.
XAU USD Forecast price GOLD on January 16, 2017 suggests an attempt to complete the correction and the beginning of fall with breakdown model Triangle on the relative strength indicator down.
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