Quotes Gold XAU USD continues to move in the development of the downward trend. Currently on Gold Forex formed a descending triangle pattern with a high probability of falling and break the lower boundary of the model and a reduction in the area below the level of 1220.
XAU USD price forecast for Gold on October 17, 2016
Cancellation option will be a strong growth above the level of 1262, which will point to going beyond forex model up.
XAU USD price forecast for Gold on October 17, 2016 suggests an attempt to continue the reduction in the framework of the beginning of working out forex descending triangle pattern with the potential to decrease below the level of 1220.
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