Quotes Gold XAU USD continues moving inside the descending channel, even though the sample model Triangle up, retained the capacity to fall in the rebound from the upper border of the channel. Cancellation option can become a strong growth of quotations and price of gold above the level of 1275, which point to continued growth.
XAU USD Forex Forecast Gold prices on October 19, 2016
However, in this case in the very near future we will see a test of the descending resistance line on the indicator of relative strength.
XAU USD Forex Forecast Gold prices on October 19, 2016 suggests an attempt to fall in the rebound from the upper border of the descending channel with a potential target below the level of 1220.
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