Quotes Gold XAU USD continue to move within the downtrend channel. At the moment, there is potential for further reduction in the area below the level of 1125 in the framework of working out a bearish wave pattern Wolfe, cancellation scenario will be a strong growth area and the breakdown of 1165.
XAU USD Forex Forecast price gold on January 3, 2017
Which points to continued growth of quotations pair to the upper boundary of the descending channel at the level of 1195. However, be ruled out an attempt to increase after working a bearish pattern.
XAU USD Forex Forecast price gold on January 3, 2017 suggests an attempt to continue the reduction under the mining model Wolfe waves with a potential target of the fall in the level below the region in 1125.