Quotes of Gold XAU USD continue to move within the framework of the development of an upward correction, at the moment the quotations of Gold tightly test the upper limit of the downward Forex of the 5-0 model. It is worth waiting for the attempt to rebound and the beginning of the fall of quotations in the area below the level of 1195.
XAU/USD Forecast Gold on March 17, 2017
In favor of the beginning of the decline, test the resistance area on the indicator of relative strength. Canceling the continuation of the fall will be the breakdown of the 1235 area, which will indicate that the XAU/USD is out of the upper boundary of the downward channel and continue to grow above the level of 1245.
XAU/USD Forecast Gold on March 17, 2017 suggests a fall attempt at The beginning of the development of the downward forex model 5-0 with the potential goal of reducing the level below the area of 1195.
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