Quotes of Gold XAU/USD continue to move within the upward trend and at the moment there is the potential for a tight test of the broken channel of the rising channel, from which it is expected to rebound and continue growth to the level above the level of 1295.
XAU/USD Forecast price for Gold on April 19, 2017
In favor of growth, a dense test of the upward trend line will appear on the indicator of relative strength . To expect the continuation of the decline in quotations and prices for gold is worthwhile with the breakdown of the support line on the initiator of relative strength. Expect to accelerate the growth of prices for gold costs with the breakdown of the local maximum area.
XAU/USD Forecast price for Gold on April 19, 2017 involves an attempt to test the breached border of the rising channel, from where it is expected to continue growth in the area above the level of 1295, the cancellation will be the breakdown of the area 1265.
