Quotes of Gold XAU USD continue to move within the development of an upward trend, quotations have gone into the development of correction and at the moment it is necessary to expect another attempt of the test of the area 1250.
XAU/USD Forecast Gold price on March 27, 2017
After that it is necessary to expect a return of quotations and prices for Gold inside the descending channel, which will indicate the continuation of the decline in the region Below the level of 1230. In favor of falling quotations XAU/USD is the breakdown of the upward trend line on the indicator of relative strength. A strong signal in favor of opening deals for sale will be the breakdown of the support area with the closing of quotations below the level of 1235.
The cancellation of the variant of falling prices for Gold will be the breakdown of the area 1255, which indicates the continued growth in the local maximum area.
XAU/USD Forecast Gold price on March 27, 2017 suggests an attempt to fall as part of working off a broken trend line on the indicator of relative strength, the target of the decline is the area below 1230.
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