Quotes of Gold XAU/USD continue to move near the area of 1245. At the moment there is the potential for a simple quotation in the raid above the level of 1253. In favor of the rebound is the formation of the reversal Forex Head and shoulders models on the indicator of relative strength, and also on the price chart itself. After the test of area 1253 it is necessary to expect continuation of decrease in prices for Gold.
XAU/USD Forecast Gold prices on April 4, 2017
Cancellation of the rebound option may become a breakdown of the area 1238, which will indicate the acceleration of the fall in quotations XAU/USD. XAU/USD Forecast Gold prices on April 4, 2017 involves an attempt to attempt a growth in the area above the level of 1253 as part of the inverted Forex model of the Head and Shoulders, where again we should expect Gold to continue its decline with a potential target near the 1225 area.
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