Quotes Gold XAU USD continues to move in the completion of the Forex Wedge pattern, the breakdown of which they indicate an continuation of falling of quotations and prices for Gold to below the level of 1215.
XAU USD Forecast price of gold on March 2, 2017
Cancellation of the fall of quotations options XAU USD will break-down area of the local maximum and the closing quotations of gold above the area in 1265 that point to a continuation of growth. In favor of the falling price of gold also supports the breakdown of the trend line on the indicator of relative strength.
At the moment, we can expect a return to the broken line and the fall in the rebound from the resistance area.
XAU USD Forecast price of gold on March 2, 2017 suggests an attempt to increase to above 1245 in the framework of the broken trend line test on the indicator of relative strength, where once again we can expect continuation of falling of Gold.
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