Quotes Gold XAU USD continues to decline in the descending trend. Here, the market also failed to show the correction. At the moment, there is the potential to test the upper boundary of the channel, and the quotes to continue falling and the price of gold in the area below the level of 1180.
XAU USD Forecast for gold prices on November 21, 2016
Cancellation option will be a strong growth and the breakdown of the upper boundary of the channel with closing prices above the level of 1230 will indicate that the continuation of an upward trend in the region above the level of 1250.
XAU USD Forecast for gold prices on November 21, 2016 suggests an attempt to continue the fall of quotations and prices for Gold in the rebound from the upper border of the descending channel.