Quotes Gold XAU USD continued to test the level of 1240. At the moment we should expect continued growth in the region at the level of 1280, to complete the formation of the right shoulder forex head and shoulders pattern.
XAU USD Forex Forecast — June 8, 2016
After this test is expected to continue XAU USD quotes fall within mining reversal pattern. Cancellation option of continuing the downtrend may be updated level of 1300, in which case we should not expect falling of quotations and prices for Gold. XAU USD Forex Forecast — June 8, 2016 assumes a continuation of XAU/USD quotes growth to 1280, where you can try to sell with a close stop.
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