Quotes Gold XAU USD continues to move in the rebound from the support area, and there are risks of dense level test in 1245, where once again we can expect reduction of quotations and prices for Gold. With the breakdown of the area in 1225 is expected to accelerate the fall of the XAU / USD forex trading and testing of a model wedge with the potential to reduce the level below the area of 1185.
XAU/USD Forecast GOLD on March 7, 2017
Cancellation option on Gold prices fall will make the breakdown area 1250, which points to potential growth in the area above the local maximum level.
XAU/USD Forecast GOLD on March 7, 2017 suggests an attempt to test the level of 1245 and continuing decline in mining within the forex Wedge pattern with the potential to reduce an area of 1185 below.
