Quotes of Gold XAU USD completed the trading week at 1204. Gold continues to decline and currently has the potential for breakdown of the 1185 area by closing prices in the next trading week as part of the completion of the Forex model.
XAU/USD Forecast Gold on March 13, 2017 — March 17, 2017
The failed swing on the indicator of relative strength. However, we should not exclude the test of the resistance area at the level of 1225, where again we should expect the acceleration of the fall to the area of 1185. The breakdown of the region 1185 will indicate that the price of gold will continue to decrease with the target at the local minimum level.
Cancellation of the variant of the fall in the price of XAU USD can be a strong growth and breakdown of the upper border of the descending channel with a close above the level of 1280, which will indicate continued growth.
XAU/USD Forecast Gold on March 13, 2017 — March 17, 2017 suggests an attempt to test the resistance area and continue the decline with the breakdown of the level of 1185.
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