XAU USD price forecast for gold on December 14, 2016


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Quotes Gold XAU USD continues moving inside the descending channel and is currently trying to build on the level of resistance, indicating a continued decline in quotations and prices for gold in the area below the level of 1150.

XAU USD price forecast for gold on December 14, 2016

XAU USD price forecast for gold on December 14, 2016

Cancellation option will be a strong growth of quotations XAU USD above the level of 1170, which indicates the continuation of the rising correction to above the level of 1205. Acceleration of the fall should not expect a breakdown field of a local minimum. In favor of the fall is the formation of topping models forex head and shoulders on the indicator of relative strength.

XAU USD price forecast for gold on December 14, 2016 suggests an attempt to continue falling in the framework of the development of the downward trend and rebound from the upper limit of the downward channel.

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