Quotes Gold XAU/USD completed the trading week at 1267. Quotes will continue to move within the rising channel. At the moment, we should expect an attempt to fall into the area below the level of 1230 as part of the completion of the formation of the bull forex model 1:1.
XAU/USD Forecast Gold for the week May 1 — 5, 2017
From the lower border of the channel, one should expect an attempt to continue the rise in prices for Gold to an area above the level of 1290. In favor of the rebound, a dense test of the uplink of support on the indicator of relative strength will perform. The cancellation of the growth of quotations and prices for gold will be the fall and breakdown of the 1220 area, which will indicate the continuation of the decline to the area below the level of 1200.
XAU/USD Forecast Gold for the week May 1 — 5, 2017 suggests an attempt to fall to the lower border of the rising channel at the level of 1230, where it is expected to continue the pair’s growth to the level above the level of 1290, the cancellation of the lower border of the channel and the closing of quotations and The price of gold is below the area of 1220.
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