Quotes Gold XAU USD finished the trading week extension to the level of the fall of 1180. At the moment, preserved potential for continuation of falling of quotations Gold mining within the reversal pattern head and shoulders.
Gold XAU USD forecast on November 28 — December 2, 2016
The purpose of the fall is the area on the level below 1100 with a potential test area for a local minimum. We continue to roast away gold sales and are ready to increase the volume of sales to the extent of reducing the XAU USD quotes as early as next week’s trading. Cancellation option of falling can be a strong increase in the price of Gold to the breakdown of the area in 1320, which will cancel the reversal pattern and point to a continuation of the uptrend.
Gold XAU USD forecast on November 28 — December 2, 2016 suggests a decline in the area in 1100 as part of completion of work on the forex reversal patterns of Head and Shoulders.