Quotes Gold XAU USD continues moving inside the descending channel. At the moment, the Gold Triangle formation model, which indicates a potential drop in prices to below the level of 1105. Cancellation option will be a strong growth XAU USD quotes above the level of 1145. We continue to hold gold sales and are ready to increase the volume of sales to the breakdown of the model triangle down.
XAU USD Forex Forecast Gold prices on December 23, 2016
In the case of growth of quotations above the level of 1145, we should expect a full correction for gold in the area above the level of 1165.
XAU USD Forex Forecast Gold prices on December 23, 2016 involves an attempt to continue falling within the mining model Triangle, but the acceleration of the fall can be expected only a breakdown lower boundary of the triangle model.