Quotes Gold XAU USD continues to move in the upward correction and completion at the moment there is a potential for the drop in prices and the price of gold as part of the beginning of working out a reversal pattern Forex Double Top.
XAU USD Forex Forecast price Gold on January 25, 2017
In favor of the version of the fall of dense stands the test downward trend line on the indicator of relative strength. Expect acceleration XAU USD falling of quotations is a breakdown of the support line at the level of 1200, that will indicate the completion of the Double Top pattern.
The immediate goal of the fall is the area on the level below 1175. Cancellation option will be a strong growth of quotations XAU/USD above the level of 1225 will indicate that an abolition of the model and continued growth.
XAU USD Forex Forecast price Gold on January 25, 2017 suggests an attempt to fall within the forex reversal patterns Dual Top with the aim of improving the potential at a level below the region in 1175.
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