Quotes Gold XAU USD continues to move in the development of the downward trend and currently quotes have not been able to go beyond the model of triangle down. At the moment, preserved potential drop due to the formation of reversal pattern head and shoulders on the display of relative force to drop below the level of 1220.
XAU USD price forecast for Gold on October 18, 2016
Cancellation option will be a strong growth of quotations on gold above the level of 1265, which points to the continued growth of quotations XAU USD in the area above the level of 1280.
XAU USD price forecast for Gold on October 18, 2016 suggests an attempt to continue falling in the framework of working out a reversal forex head and shoulders pattern on the indicator of relative strength for the purpose at a level below the region in 1220.
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