Gold Quotes XAU USD demonstrate a rebound from the resistance area and at the moment there is a potential for continuing the decline in gold prices in the area below the level of 1235. In favor of the drop, there is also a rebound from the downtrend line on the indicator of relative strength.
XAU/USD Forecast Gold on March 29, 2017
Cancellation of the variant of falling quotes and prices for Gold will be a breakdown of the resistance area with the closing of quotations above the level of 1265. Also, the current structure on Gold is a reversal Forex model. The double top, therefore, with the breakdown of the upward trend line, it is worth trying to complete the growth and start falling quotations XAU/USD In the area below the level of 1150.
XAU/USD Forecast Gold on March 29, 2017 suggests an attempt to fall below the level of 1235 as part of the rebound from the downward trend line on the indicator RSI, with the breakdown area in 1210 we can expect the completion of formation of topping model Forex double top that points to continued decline in quotations and prices for Gold.
