Quotes of Gold XAU USD continue to move within the downward Forex model 5-0, prices continue to test the resistance area, we should expect an attempt to tight test the upper boundary of the downward channel and continue falling to the area below the level of 1200.
XAU/USD Forecast Gold price on March 21, 2017
In favor of the drop is a tight test of the resistance area on the indicator of the relative Force. Canceling the option of continuing the fall in quotations and the price of Gold will break through the area of 1245, indicating that the growth continues into the area above the level of 1255.
XAU/USD Forecast Gold price on March 21, 2017 suggests an attempt to continue falling within the rebound from the upper boundary of the downward Forex model 5-0 with the potential to fall near the area of 1200, cancellation will breakdown at the level of 1245, indicating that continued growth.
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