Quotes Gold XAU USD ends the current trading week of the fall. And already in the beginning of the next trading week retained the potential for further price declines in the gold mining within the forex pivot head and shoulders pattern on the indicator of relative strength.
XAU USD forecast for the week 8 August — 12 August, 2016
The immediate goal of the fall XAU USD quotes is the area below the level of 1250. Cancellation option on Gold prices fall will be a strong mouth quotes and break of 1370 closing prices. An additional signal for the continuation of the fall is the formation of the broadening formation model, which implies a drop XAU USD quotes in an area below the level of 1200.
XAU USD forecast for the week 8 August — 12 August, 2016 assumes continuation of falling of quotations of gold in the region at the level of 1250 within mining reversal forex head and shoulders pattern on the indicator of relative strength.
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