Quotes of gold XAU USD tightly test area of the rising channel’s lower border. At the moment, there is the potential to bounce up in the area above the level of 1280 and only then start falling of quotations and prices of gold in the area below the level of 1160. The benefit of the price fall is the breakdown of the area of support on the indicator of relative strength, and do not wish to go into the price testing of bovine models 5-0, which indicates the fall in the area at the level of 88.6% Fibonacci.
XAU USD forecast price of gold November 2016
Cancellation of such a scenario will be a strong increase in the price of Gold in November 2016 more than in 1300, which indicates continued growth in an area above the level of 1350.
XAU USD forecast price of gold November 2016 within the mining breakouts on the indicator of relative strength and purpose at the level of 88.6% Fibonacci in the case of bovine mining model 5-0.
