Quotes of Gold XAU USD continue to move within the development of correction. At this point, we should expect a tight test of the resistance area near the level of 1220 as part of the Forex model development. The failed swing on the indicator of relative strength.
XAU/USD Forecast Gold price on March 16, 2017
Near the resistance level, one should expect an attempt to rebound and fall Gold quotations to the area below 1185. The cancellation of the option may be a strong increase in the price of Gold for the breakdown of the 1235 area, which will indicate the breakdown of the upper boundary of the descending channel and the continuation of the upward trend in Gold.
XAU/USD Forecast Gold price on March 16, 2017 suggests an attempt to test the resistance area as part of the forex model, a failed swing on the relative strength indicator.
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