Quotes of Gold XAU/USD continue to trade below the border of the upward channel and at the moment there is still potential for continuing falling of quotations and prices for Gold to the area below the level of 1250. In favor of the drop, a dense test of the downward trend line will appear on the indicator of relative strength.
XAU/USD Forecast GOLD prices on April 27, 2017
The cancellation of the fall of XAU/USD quotations will result in a strong growth and breakdown of the 1280 area, which will indicate a return of quotations to the inside of the rising channel and the continuation of growth.
XAU/USD Forecast GOLD prices on April 27, 2017 suggests an attempt to continue the decline in the area below the level of 1250 as part of the rebound from the resistance area, the cancellation will be the return of Gold quotes inside the ascending channel.
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