Quotes Gold XAU USD ended the trading week at the level of 1256. Quotations were able to break through the resistance area in 1250, but at present formed forex Wedge pattern that points to the potential completion of the upward trend and the beginning of a drop in prices in the area below the 1220.
XAU/USD Forecast on 27 February, 2017 — 3 March, 2017
In the match for the benefit of quotations and drop options the price of gold is a dense area of resistance test on the indicator of relative strength. However, with the increase in prices in the region in 1280 will test the upper boundary of a descending forex 5-0 models that point to a potential rebound and fall XAU/USD quotes.
Cancellation option fall quotes XAU/USD will be strong growth and closing quotes above the area in 1290, which points to the breakdown of the upper limit of the downward channel and the continued rise in prices in the area above the level of 1335.
XAU/USD Forecast on 27 February, 2017 — 3 March, 2017 suggests an attempt to fall within the framework of completion of the forex Wedge pattern with the immediate goal of the fall in the level below the region in 1220, the cancellation option will drop the level of the sample in 1290.
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