Quotes of Gold XAU USD continue to move within the development of an upward trend, but at the moment a reversal Forex Head and Shoulders model is being formed, which indicates a potential reduction and development of correction to the area below the level of 1240.
XAU/USD Forecast Forex price Gold on March 24, 2017
The cancellation of the option will be a breakdown of the local maximum area, The growth of quotations and the price of gold in the area above the level of 1260. With the breakdown of the trend line on the indicator of relative strength, one should expect the completion of growth for Gold and the beginning of the fall into the area below the level of 1210.
XAU/USD Forecast Forex price Gold on March 24, 2017 Attempt to fall within the framework of the beginning of the development of the Forex Model Head and shoulders in order to reduce near the level of 1240.
