Quotes Gold XAU/USD completed the trading week at 1248. Gold quotes continue to move within the downward channel and at the moment there is still potential for continuing the decline after a tight test of the upper border of the channel. In favor of the drop, a resistance area test will be performed on the relative strength indicator.
XAU/USD Prediction on April 3, 2017 — April 7, 2017
Cancellation of the variant of falling prices for Gold will be performed by the breakdown of area 1260, which will indicate the continued growth of XAU/USD. Here, the reversal Forex forex model is formed. The double top, which involves accelerating the decline with the breakdown of the trend line. The aim of the model is to enter the region below 1150.
XAU/USD Prediction on April 3, 2017 — April 7, 2017 suggests a fall attempt with the first target near area 1205, with a breakdown which is expected to continue the decline in gold prices.
