Forecast XAU/USD for the week 16 — 20 May, 2016


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Quotes Gold XAUUSD finish the trading week with small head losses. The aim of the price of gold falling on the current trading week 05.16.2016 — 05.20.2016 the area of the ascending channel’s lower border.

Forecast XAU/USD for the week 16 — 20 May, 2016

Forecast XAU/USD for the week 16 — 20 May, 2016

Cancellation option fall XAU/USD will increase in quotes above the upper boundary of the channel. Also do not forget about the formation of reversal pattern failure swing on the relative strength indicator on the weekly chart, the price of GOLD.

Thus, Forecast XAU/USD for the week 16 — 20 May, 2016 suggests quotations falling attempt XAU/USD in the region at the level of 1210 where we can expect development of ascending correction attempt.

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