Quotes Gold XAU/USD were able to show strong growth and pierced the area of the upper boundary of the Triangle model. At the moment, the quotes are traded at the level of 1264. It is worth to expect an attempt to fall below 1255, in favor of the decline in gold prices is the test of the downward trend line on the indicator of relative strength.
XAU/USD Forex Forecast Gold on April 10, 2017
Canceling the option will update the local maximum area, which indicates the continued growth in the Triangle model.
XAU/USD Forex Forecast Gold on April 10, 2017 suggests an attempt to rebound and drop Gold in the area below the level of 1255, in favor of the drop is the downward resistance line test on the relative strength indicator.
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