XAU USD Gold price forecast — May 24, 2016


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Quotes of gold XAU USD continues to fall within the framework of working out a reversal pattern head and shoulders on the indicator of relative strength.

XAU USD Gold price forecast — May 24, 2016

XAU USD Gold price forecast — May 24, 2016

As you can see the values punched the neckline and at the moment can show fall even lower. The purpose of the fall of quotations Gold is the area at the level of 1220. The cancellation option below XAU USD quotes will drop the growth of quotations and price of gold above the level of 1270. XAU USD Gold price forecast — May 24, 2016 assumes a continuation of falling of quotations within the mining reversal pattern head and shoulders on the indicator RSI.

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