Quotes Gold XAU USD continues to move in the growth and at the moment we should expect a tight field test support near the level of 1248, and another attempt to increase local maximum.
In favor of a rebound of quotations and prices on the Gold from the support line will perform a test of the trend line on the indicator of relative strength.
XAU USD Forecast price of gold on March 1, 2017
Cancellation option will drop the continued growth and the breakdown of the area in 1245, which indicates the completion of the forex Wedge pattern and continue falling to below the level of 1215.
XAU USD Forecast price of gold on March 1, 2017 assumes correction of quotations in an attempt to support the area at 1248, where growth is expected to try to local maximum, dark option will drop and the sample region 1245, which point to continued decline in prices.
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