Quotes Gold XAU USD continues to move in the forex Double Top model at the moment is preserved for potential drop in prices to below the level of 1185 in the framework of the mining model.
XAU USD price forecast for Gold on February 22, 2017
Cancellation option will be a strong growth of quotations of gold above the level of 1245, which points to continued growth in gold prices. In favor of the drop in prices testing the broken line trend in the relative strength indicator, that also indicates a continued decline.
XAU USD price forecast for Gold on February 22, 2017 suggests an attempt to fall within the framework of the continuation of mining the forex reversal patterns with the potential double top to reduce the level below the region in 1185.
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