Quotes Gold XAU USD continues to attempt correction, but currently quotes firmly tested the upper limit of the downward channel. This test indicates a potential drop XAU USD quotes in the area below the level of 1270. Cancellation option will be a strong increase in gold prices and the breakdown of the upper limit of the downward channel. In this case, we should expect continued growth of quotations of gold.
XAU USD Forecast Gold price on November 4, 2016
We try the tight stop sales. An additional signal testing the values of the indicator of the critical level of relative strength.
XAU USD Forecast Gold price on November 4, 2016 suggests an attempt to fall within the beginning of the descending forex model 1:1 with a view to a potential drop below the level of 1220.