Quotes Gold XAU USD continues to move in the upward correction, however, we are already very close to the upper boundary of the descending channel, which indicates a potential rebound and continue to fall below the level of 1105.
XAU/USD price forecast Gold on January 12, 2017
Cancellation option will sample the region in 1205, which points to continued growth of quotations in the region above the level of 1250. In favor of the falling of quotations and prices for Gold acts forming a reversal pattern forex failure swing, which also points to the breakdown of the field 1165.
We try XAU/USD aggressive sales with the tight stop, conservative area for sale will be a breakdown of the rising channel’s lower border.
XAU/USD price forecast Gold on January 12, 2017 suggests an attempt to fall in the rebound from the upper border of the descending channel, as well as by working out the forex reversal patterns on the indicator of relative strength.
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