Quotes Gold XAU USD continues to move in the descending channel and the potential for falling price of gold tomorrow, December 7, 2016 is also stored. In favor of the fall is the test of the resistance level of the indicator of relative strength.
XAU USD Forex Forecast Gold price on December 7, 2016
The purpose of the fall is the area on the level below the region 11150. XAU USD Cancellation quotations fall scenario will be a strong growth and the breakdown of the upper limit of the downward channel. That points to continued growth with the field test 1200. We continue to hold gold sales and are ready to consider a new deal with decreasing development.
XAU USD Forex Forecast Gold price on December 7, 2016 suggests an attempt to fall within the framework of the continuation of the descending pattern 1: 1 with a drop goal at a level below 1150.
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