Quotes Gold XAU USD finished the trading week test the upper limit of the downward channel. At the moment, there is the potential for the drop in prices and the prices of gold in the area below the level in 1180 as part of the beginning of the descending forex 1: 1 model. An additional signal in favor of the fall is the test of the broken trend line on the indicator of relative strength; it also points to the likely reduction XAU USD quotes.
Gold XAU USD forecast for the week October 24, 2016 — October 28, 2016
Cancellation option on Gold prices fall will be strong price growth above the level of 1285, which point to continued growth and a potential test for the level of 1300.
Gold XAU USD forecast for the week October 24, 2016 — October 28, 2016 suggests an attempt to fall within the beginning of the descending model FX 1: 1 to reduce below 1,180.
