Quotes Gold XAU USD continues to test the area at the level of 1340. At the moment, we still expect to try XAU USD quotes fall into the region at the level of 1310 in the framework of working off of a broken trend line on the indicator of relative strength.
XAU USD price forecast for gold on July 15, 2016
Also, do not attempt to exclude the formation of topping forex head and shoulders pattern that points to a deeper drop in prices of gold in the area below the level of 1270, but to complete this model needs test area 1320.
XAU USD price forecast for gold on July 15, 2016 It assumes a continuation of the fall to 1310 in the framework of working off of a broken trend line on the indicator RSI.
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