Quotes Gold XAU/USD continue to move within the growth framework. At the moment, we should expect an attempt to fall within the framework of the beginning of the development of the «Head and Shoulders» reversal model.
XAU/USD forecast & technical analysis GOLD on August 22, 2017
In favor of falling quotations XAU/USD will breakdown the lower limit of the Wedge model. The cancellation of the variant of the fall in the price of Gold will be the breakdown of the area of 1310, which will indicate the continuation of the growth of quotations. Expect to accelerate the fall of quotations is with the breakdown of the area 1280.
XAU/USD forecast & technical analysis GOLD on August 22, 2017 involves an attempt to fall within the framework of the beginning of the development of the reversal pattern, the cancellation will be made by breakdown at the level of 1310.
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