XAU USD Gold prices forecast at December 2016


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Quotes Gold XAU USD continues moving inside the descending channel. At the moment, there is a potential for continued gold price decline in December 2016 in the area at a local minimum.

XAU USD Gold prices forecast at December 2016

XAU USD Gold prices forecast at December 2016

Cancellation option can become a strong growth and the breakdown of the upper limit of the downward channel. In favor of a continuation of falling of quotations serves XAU USD breakout of the trend line on the indicator of relative strength, indicating a breakdown of the area near the support level of 1050. But do not rule out an attempt to price correction in the gold region in 1195 as part of the completion of the descending pattern is 1: 1 and only after that continuation of falling.

XAU USD Gold prices forecast at December 2016 suggests an attempt to test dense lows at less than 1050, the cancellation will be a strong growth of quotations going beyond the upper limit of the downward channel.

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