Quotes Gold XAU USD continues to fall. At the moment, we can talk about the formation of the bullish pattern of 1:1 in order to continue the growth XAU USD.
XAU USD price forecast for gold on July 18, 2016
To complete this model, it is important to see the test level in 1310, from where you can expect the beginning of growth of gold prices. Unfortunately, and breaking the uptrend line on the display relative strength did not happen, and now it appears support, which also points to a potential rebound. Cancellation option of rising prices for gold can be a break through the lower boundary, in this case we should expect the continuation XAU USD to fall below the level of 1260.
XAU USD price forecast for gold on July 18, 2016 suggests an attempt to bounce up in the time of the test the lower boundary of the rising channel.
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