Quotes Gold XAU USD continues to test the descending channel’s upper boundary forex 1: 1 model. At the moment, the pair formed the model Diamond, which can be broken down, which will point to a continuation of falling of quotations and prices of gold in the area below the level of 1265.
XAU USD Forex Forecast Gold price on November 7, 2016
Cancellation option will be a strong growth of quotations and price of gold above the level of 1315, which points to continued growth prices. In favor of the fall also advocates the formation of topping models forex head and shoulders on the indicator of relative strength, which also points to the potential drop since the current levels.
XAU USD Forex Forecast Gold price on November 7, 2016 suggests an attempt to rebound from the channel and start XAU USD quotes fall within the descending forex 1: 1 model with the immediate goal of the fall in the level below the region in 1265.