Quotes of Gold XAU USD continue to move within the limits of the decline due to the continued development of the Forex model wedge. The potential goal of the fall is the area of 1185. In favor of the option of continuing to fall from current levels, breakdown of the support line on the indicator of relative strength is in favor.
XAU/USD Forecast Gold price on March 9, 2017
Abolition of the continuation of the fall may be a breakdown of the area 1220, which indicates the continuation of the development of an upward correction for Gold.
XAU/USD Forecast Gold price on March 9, 2017 suggests an attempt to accelerate the fall to the area below the level of 1185 as part of the completion of the wedge model, the breakdown of the 1220 area will be a breakthrough, indicating that the upward correction for Gold will continue to develop.
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