Quotes Gold XAU USD finished trading at the level of 1321. To date, the week Gold is trading within the rising channel, and we have seen that the lower boundary of the channel acts as quality support area for gold.
XAU USD gold price forecast on September 5, 2016 — September 9, 2016
On the next trading week will be the potential for the beginning of growth of quotations XAU USD to the upper boundary of the model Triangle, in favor of this option stands the test rising support line on the indicator of relative strength. However, we should not exclude the probability of falling XAU USD quotations and sample the channel’s lower border, which indicates an area of continued falling below the level of 1280.
XAU USD gold price forecast on September 5, 2016 — September 9, 2016 suggests an attempt to increase within the sedge from field support to above the level of 1350 will be the abolition of the breakdown of the channel.
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