Quotes of Gold XAU USD continue to move within a strong downward trend and at the moment there is still potential for continuing the fall of quotations in the area below the level of 1185. However, do not exclude the attempt of an upward correction in the resistance area at the level of 1220, where again we should expect a fall.
XAU/USD Forecast price Gold on March 10, 2017
In favor of continuing the decline, a dense test of the broken trend line will appear on the indicator of relative strength, which also indicates a drop in the near future. In case of breakdown of the resistance area with the closing of quotes above the level of 1225, it is necessary to press the continuation of growth.
XAU/USD Forecast price Gold on March 10, 2017 suggests an attempt to test the resistance area and continue falling into the area of 1185.
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