Quotes of Gold XAU/USD continue to decline and at the moment the quotes have reached the support area. It is worth expecting a rebound and a test of the resistance area near the level of 1245. Against the resistance level, it is again worth to offend the continuation of the decline in quotations and Gold prices in the area below the level of 1225.
XAU/USD Forecast GOLD prices on April 3, 2017
In favor of the drop, the breakdown of the support level on the relative strength indicator appears. The cancellation of the variant of falling quotations and the prices of gold will be performed by the breakdown of the area of 1255, which indicates the continued growth with the breakdown of the resistance area.
XAU/USD Forecast GOLD prices on April 3, 2017 suggests an attempt to drop Gold quotations to the area below the level of 1225 as part of the development of the reversal forex head and shoulders models after a slight correction to the area above the level of 1245.
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