Quotes of Gold XAU/USD continue to move as part of the formation of the reversal forex pattern «Head and Shoulders». It is worth waiting for an attempt to test the area of 1252 and continue the decline of Gold in the area below the level of 1230.
XAU/USD forecast GOLD prices on May 25, 2017
In favor of the fall is the breakdown of the support line on the indicator of relative strength. The cancellation of the option may be the breakdown of the local maximum area, however, in this case, the potential for the fall of XAU/USD remains within the framework of the development of the reversal forex pattern «Head and Shoulders».
XAU/USD forecast GOLD prices on May 25, 2017 suggests an attempt to insignificant growth and continue the decline with the first target at a level below the area of 1230, an additional signal is a test of the broken support line on the indicator of relative strength index (RSI).
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