Quotes Gold XAU USD showed strong growth and were able to break the pivot forex head and shoulders pattern. It is likely that buying George Soros Gold pushed gold chart for the area of a local maximum.
XAU USD price forecast for Gold — June 17, 2016
At the moment, there is the potential to continue to grow and test the upper resistance line, from which still is expected to try and correction of the fall. Cancellation option will be the continuation of the upward trend for gold and break through the resistance line.
XAU USD price forecast for Gold — June 17, 2016 assumes the test the resistance line and the formation of the descending pattern “Three Indians”.
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