XAU USD gold price tightly test area at the level of 1350. As part of the technical analysis of the weekly chart of gold prices, there is potential for continued growth XAU USD quotations within mining punched bandwidth. An additional signal in favor of rising prices for gold is the formation of an inverted forex head and shoulders pattern on the indicator of relative strength.
XAU USD forecast price of gold in September 2016
The purpose of growth is the area of above 1450, the cancellation option rise price of gold in September 2016 will drop XAU USD quotes in the area below the level of 1300, that will indicate a potential decrease in the level of 1250.
XAU USD forecast price of gold in September 2016 involves an attempt to continue its growth within the mining reversal pattern on the indicator of relative strength, as well as by entering XAU USD quotes the descending channel.
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