Quotes Gold XAU USD continues to trade below the border triangle model, which assumes the continuation of falling of quotations and prices for gold from a technical point of view.
XAU USD forecast for the gold price on September 5, 2016
However, we should not exclude more dense test the upper boundary of the model triangle and only after that to continue XAU USD quotes fall. An additional signal in favor of the continuation of falling of quotations XAU USD testing the descending trend line on the indicator of relative strength. Cancellation option quotations falling and the price of gold can become a strong growth and the breakdown of the area above the level of 1340, which points to the continued growth of quotations XAU USD.
XAU USD forecast for the gold price on September 5, 2016 suggests an attempt to test the breached border models and continuing fall within the beginning of mining models Triangle.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
