XAU USD Forex Forecast Gold price on December 9, 2016


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Quotes Gold XAU USD continues moving inside the descending channel, gold price tightly test resistance area, indicating that the attempt to reduce bounce and development in the area below the level of 1150.

XAU USD Forex Forecast Gold price on December 9, 2016

XAU USD Forex Forecast Gold price on December 9, 2016

Cancellation option of reduction of quotations and prices for gold will be strong growth of quotations XAU USD above the level of 1180, that indicate an price leaves the channel, and the development of ascending correction.

XAU USD Forex Forecast Gold price on December 9, 2016 suggests an attempt to continue the reduction in the rebound from the resistance area, and the upper limit of the downward channel with the potential to reduce the level below the region in 1150, will be the abolition of quotations leaves the channel.


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