Gold prices are trading near the level of 1258. Gold continues to move in the upward trend due to the intersection of moving averages at 1212. The values of the MACD indicator are growing and at the moment there are no signals in favor of forming a divergence, which also points to the potential development of growth for Gold.
XAU/USD Technical analysis on April 5, 2017
It is worth to expect an attempt to test the area of moving averages near the level of 1250 and continue the growth of quotations XAU/USD in the area below the level of 1265. The abolition of the decline in the price growth for Gold will be a strong fall and breakdown of the slow moving average area with the closing of quotes above the level of 1245, indicating a shift Trends in favor of a descending Gold.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
