Quotes Gold XAU USD could show a minor correction, but overall tool continued growth in the previous trading week. At the moment, we can expect a continuation of a downward correction for the purpose at a level below 1300 points to the conclusion that the formation of the rising pattern 5-0.
XAU USD forecast for the week July 11, 2016 — July 15, 2016
The test support area at 1300 will be a good area for shopping with a tight stop. However, penetration of the area in 1300 and a drop in prices XAU USD below this level will indicate a potential reversal and continuation of the downward movement in order to lower the level of 1220. In the case of continued growth and penetration level of 1400 is expected to accelerate the upward trend and the test area above the level of 1450.
XAU USD forecast for the week July 11, 2016 — July 15, 2016 suggests an attempt to fall in the region at 1300, where you can try to buy the XAU USD.
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