Quotes of Gold XAU USD completed the trading week at 1244. Gold continues to test important areas of resistance and there is a potential for another decline in the area below the level of 1190. In favor of the decline is a tight test of the upper boundary of the downlink on the chart XAU/USD, and the test area Resistance on the indicator of relative strength.
XAU/USD Forecast on March 27, 2017 — March 31, 2017
With the breakdown of the area 1190, we should expect the continuation of the fall in quotations and Gold prices in the area below the level of 1135. The cancellation of the variant of the price decline of Gold in the next trading week can be a strong growth and breakdown of the area 1280, which will indicate the outflow of quotes beyond the upper boundary of the descending channel and Continued growth in the area above the level of 1335.
XAU/USD Forecast on March 27, 2017 — March 31, 2017 involves an attempt to fall from current levels to the area below 1185 within the rebound from the resistance area, the abolition of the option will be a breakdown of the region 1280.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
