XAU USD forecast for the gold price on November 23, 2016


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Quotes Gold XAU USD continues to trade at the level of 1217. However, at this time the value of the relative strength indicator is not touched the descending trend line, so expect an attempt of growth of quotations of gold in the area in 1220, where once again is expected to reduce.

XAU USD forecast for the gold price on November 23, 2016

XAU USD forecast for the gold price on November 23, 2016

Cancellation option will be a strong growth XAU USD above the level of 1230, which will lead to the continuation of upward correction.

XAU USD forecast for the gold price on November 23, 2016 suggests an attempt to increase in the region in 1220, where a test of the resistance line at the RSI indicator can try to sell the pair with the tight stop.

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