Quotes of Gold XAU USD continue to decline as part of the Forex forex model. The failed swing on the indicator of relative strength. The purpose of the fall is the area at the level below 1185. In favor of the option of continuing the fall is the test of the resistance area on the indicator of relative strength.
XAU/USD Forecast Gold prices on March 15, 2017
However, we should not exclude the test of the resistance region and only after this continuation of the fall. With the breakdown of the region 1185, we should expect an acceleration in the fall in quotations and prices of gold in the region below the local minimum level. Cancellation of the reduction option will break through the area of 1225.
XAU/USD Forecast Gold prices on March 15, 2017 suggests an attempt to continue the decline in the area of 1185 as part of the Forex forex model failed swing on the indicator of relative strength.
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