Gold XAU USD forecast on October 31, 2016 — November 4, 2016


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Quotes Gold XAU USD finished the trading week higher at the level of 1275. At the moment, gold quotes are testing the upper limit of the downward channel, there is also formed the descending forex model 1: 1 with the potential to reduce the XAU USD quotes in the area below the level of 1180. In the fall of benefit also acts test the descending resistance line on the indicator of relative strength.

Gold XAU USD forecast on October 31, 2016 — November 4, 2016

Gold XAU USD forecast on October 31, 2016 — November 4, 2016

Cancellation option quotations falling and the price of gold will be strong price growth above the level of 1300, which points to continued growth of quotations in the area above the level of 1350.

Gold XAU USD forecast on October 31, 2016 — November 4, 2016 suggests an attempt to fall within the framework of the beginning of the descending model FX 1:1 in order to fall on the area below 1,180.

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