Quotes Gold XAU USD finished trading at the level of 1234. At this time the week gold price fled the forex Wedge pattern and has the potential for continued decline in the area below the 1185. In favor of equal options for continuing the fall is the formation of reversal pattern Forex failure swing on the indicator of relative strength, which also points to the sample area 1185.
XAU/USD Forecast on March 6, 2017 — March 10, 2017
Cancellation option of reduction of quotations and prices for Gold will be the breakdown of the upper boundary of the descending channel and closing quotes above the area in 1280, which points to a continuation of XAU/USD growth in the area above the level of 1350.
XAU/USD Forecast on March 6, 2017 — March 10, 2017 suggests an attempt to continue the reduction in the framework of mining Forex Wedge pattern with the first in order to reduce at a level below the region in 1185, will be the abolition of the sample area in 1280.
