Quotes of Gold XAU/USD show a drop and are currently traded at 1246. It is expected to continue the decline with a potential drop target below the 1225 area as part of the start of the reversal of the forex model Double Top.
XAU/USD Forecast Gold prices on April 6, 2017
In favor of falling quotations and prices for Gold, a breakdown of the upward trend line on the indicator of relative strength will perform. Cancellation of the variant of the fall in XAU/USD quotations will be the breakdown of the local maximum area, which indicates that the growth will continue to the level above the level of 1270.
To expect the acceleration of the Gold quotations decline is with the breakdown of the support area at the level of 1240.
XAU/USD Forecast Gold prices on April 6, 2017 suggests a fall attempt as part of the development of the reversal Forex model with the potential drop target near the 1225 area, the cancellation will be a breakdown of the local maximum.
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