Quotes of Gold XAU/USD completed the trading week at 1253. Gold continues to move within the descending channel and at the moment a tight test of the upper border of the channel took place. It is worth waiting for an attempt to rebound and continue the decline in the area below the level of 1205.
XAU/USD Forecast Gold price on April 10 — 14, 2017
In favor of the fall is also the formation of the reversal Forex model Double top with the potential target of working below the area of 1185. Expect the acceleration of the fall in quotes XAU/USD stands with the breakdown of the support area at 1205.
Cancel option Lower quotations and prices for Gold will be a strong growth and breakdown of the region 1280, which will indicate the cancellation of the reversal pattern and the continuation of growth above the area of 1315.
XAU/USD Forecast Gold price on April 10 — 14, 2017 suggests an attempt to drop quotations and Gold prices in the area below the level of 1205 as part of the completion of the formation of the reversal Forex forex model. Double top with a potential downside target near the region 1185.
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