Quotes of Gold XAU/USD continue to move in the side trend. At the moment, there is a potential for falling quotations and prices for Gold in the area below the level of 1240. In favor of the decline is the formation of a downward wave model of Wolf.
XAU/USD Forecast Gold on April 11, 2017
Expect to accelerate the fall of quotations XAU/USD stands with a breakdown of the support line on the indicator of relative strength.
We should not exclude the attempt to increase quotations in the 1260 area as part of the completion of the head and shoulders reversal pattern, which will also indicate a drop to the area below the level of 1240. The cancellation of the variant of the drop in Gold prices will be followed by the breakdown of the 1270 area, which will indicate the continued growth of XAU/USD .
XAU/USD Forecast Gold on April 11, 2017 suggests an attempt to fall below 1240 as part of the completion of the Wolf wave bearer model, the breakdown of the local maximum region.
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