Quotes Gold XAU USD continue to closely test the upper limit of the downward channel model 1:1, indicating that an continuation of the fall in the area below the 1180. Cancellation option will be a strong growth of quotations and price of gold above the level of 1275, which points to continued growth and development of an upward movement.
XAU USD Forex Forecast Gold prices on October 26, 2016
An additional signal in favor of the fall is the test of the descending trend line on the indicator of relative strength.
XAU USD Forex Forecast Gold prices on October 26, 2016 suggests an attempt quotes fall within the beginning of working out a bearish pattern 1:1 in order to fall below the level of 1180.
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