Quotes Gold XAU USD continues to move in the development of ascending correction, gold price is moving inside the rising channel, but there is potential for a quick rebound and start reducing.
In favor of a bounce speaks tight test the upper boundary of the model triangle on the display relative strength, which points to another fall of quotations attempt XAU/USD in the area of the ascending channel’s lower border.
XAU USD Forex Forecast price Gold on January 18, 2017
Is expected to accelerate the fall is a breakdown of the lower limit of the model triangle that points to the end of the rising correction and continued falling for the purpose at a level below the area of 1105.
Cancellation option will be the consolidation of quotations of gold above the level of 1225, which points to continued growth in the region set out above the level of 1250.
XAU USD Forex Forecast price Gold on January 18, 2017 suggests an attempt to rebound within the top models of the border triangle test.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
