Quotes of Gold XAU USD continue to move within the framework of the downward Forex model 5-0 quotes tightly test the upper border area and expect an attempt to continue falling with a potential drop target near the area of 1200.
XAU/USD forecast Gold on March 22, 2017
In favor of falling quotes and Gold prices, the resistance area test comes on the indicator of relative strength. The cancellation of the variant of falling quotations and the prices for Gold will be performed by the breakdown of the area 1245, which will indicate the continuation of growth in the area above the level of 1245, which will indicate the continuation of the upward trend in GOLD with a dense test of the local maximum area.
XAU/USD forecast Gold on March 22, 2017 suggests an attempt to fall within the rebound from the upper boundary of the downward channel of the 5-0 model with a view to reducing it near the level of 1200, and the withdrawal will exceed the upper boundary of the channel.
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