Quotes Gold XAU USD continues to move in the area at the level of 1257. At the moment, there is a high potential for growth of quotations within the mining forex inverted head and shoulders pattern on the indicator of relative strength. The purpose of the growth can be a test of the upper boundary of the descending channel, where one can consider selling and expect falling prices for gold in the area below the level of 1220.
XAU USD price forecast for Gold on October 14, 2016
Cancellation option can be a strong fall XAU USD quotations and sample the area in 1230, in which case we should not expect development of ascending correction.
XAU USD price forecast for Gold on October 14, 2016 requires the test area in 1275 in the framework of working out of an inverted head and shoulders pattern on the indicator of relative strength.
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