Gold Quotes XAU/USD continue to trade as part of the formation of the reversal pattern Double top and currently test the area of 1253. It is worth to expect an attempt to fall into the support area near the level of 1238, the breakdown of this region will indicate the continuation of the decline to the level of 1225.
XAU/USD Forecast price Gold on April 7, 2017
In favor of the fall is the formation of a reversal pattern Head and shoulders on the indicator of relative strength. The cancellation of the variant of falling quotes and prices for Gold will be a strong growth and breakdown of the region 1260, which will indicate the continued growth of quotations XAU/USD.
XAU/USD Forecast price Gold on April 7, 2017 implies an attempt to fall within the framework of the start of the development of the reversal model the double top with the potential reduction target near the 1225 area, the cancellation will be the breakdown of the local maximum region.
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