Quotes GOLD XAU/USD completed the trading week at 1254. GOLD continues to move as part of the formation of the reversal forex pattern “Head and Shoulders”. At the moment, you should expect to try the test area 1280 and the beginning of the fall of XAU/USD with the first target near the level 1223.
XAU/USD forecast on May 22, 2017 — May 26, 2017
The breakdown of this area will indicate the acceleration of falling quotations and GOLD prices. The target of the reversal forex pattern “Head and Shoulders” at the level of 1115. The cancellation of the falling quotations will be a strong growth and breakdown of the region 1305, which will indicate the continued growth of XAU/USD.
XAU/USD forecast on May 22, 2017 — May 26, 2017 suggests a 1280 test at the end of the formation of the reversal forex pattern “Head and Shoulders”, from which it is expected to start falling with the first target near the level 1223, cancellation will be a breakdown of the local maximum region.
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