Quotes Gold XAU USD continues to move in line with expectations and our outlook on the gold price. At the moment, the value of the indicator of the relative strength line struck Neck reversal forex head and shoulders pattern on the display relative strength, indicating a continued decline in the area below the level of 1100.
XAU USD GOLD price forecast on December 16, 2016
The fall in prices Cancellation option will be the Gold a strong growth and the breakdown region of the upper boundary of the descending channel closure above the level of 1150.
XAU USD GOLD price forecast on December 16, 2016 suggests an attempt to continue the reduction in the downward channel with the immediate goal at a level below the region in 1100, will be the abolition of the upper boundary of the channel breakout.