Quotes of XAU/USD Gold continue to move in a downward trend, but at the moment there is a potential for breakdown of the upper border of the channel and the test of the area above the level of 1235. In favor of the growth of quotations and prices for gold, breakdown of the downward trend line on the indicator of relative strength stands.
XAU/USD Forex Forecast Gold prices on May 15, 2017
The cancellation of the variant of XAU/USD growth will be the breakdown of area 1215, which will indicate the acceleration of the fall into the area below the level of 1195.
XAU/USD Forex Forecast Gold prices on May 15, 2017 suggests an attempt to break the upper border of the channel and continue the growth of XAU/USD quotations to the area above the level of 1235, from which it is expected to continue falling quotations and prices for Gold.
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