Quotes Gold XAU USD continues to move in the growth of quotes could break through the resistance area, which indicates the abolition of double top forex model and continued growth in the region above the level of 1250.
XAU USD Forex Forecast price GOLD on February 24, 2017
However, at this time the relative strength indicator values are back on the resistance region, which indicates likely to test the breached support near the level of 1240, and the next attempt to the growth of quotations and price of gold in the area above the level of 1255.
XAU USD Forex Forecast price GOLD on February 24, 2017 suggests an attempt to test the area of the broken support, and continued growth in the region above the level of 1255 in the case of growth of quotations in the area above the level of 1260 will be the potential for the formation of the descending wave pattern Wolfe, which also points to the reduction XAU/USD quotes.
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