Quotes Gold XAU USD showed growth last month, but at this point comes to an end forming a downward FX models 5-0, which points to a potential drop in prices and the prices of gold in the area below the level of 1150. In favor of the version of the fall of testing the descending line of resistance relative strength of the display, which also already shows a decrease from current levels.
XAU/USD Forecast Gold prices March 2017
Cancellation option of falling gold prices in March 2017 will make the sample the upper border of the descending channel and closing quotes XAU/USD above the area in 1300, which points to continued growth in the region above the local maximum level close to 1350.
In the case of a strong fall in gold and the breakdown quotation area in 1150 , is expected to update the level of the local minimum.
XAU/USD Forecast Gold prices March 2017 suggests an attempt to test the descending channel’s upper boundary and early fall within 5-0 working out a bearish pattern in order to reduce the area near the 1150 abolition of the sample scenario will be the upper limit of the downward channel.
