XAU/USD (GOLD) Technical Analysis & Forecast 07.08.2017

XAU USD, “Gold vs US Dollar”

Gold has completed the descending correctional structure. Possibly, today the price may grow towards 1264.60 and then fall to reach 1259.40. If later the instrument breaks this consolidation channel to the upside, the market may reach 1284.00; if to the downside – continue the correction with the target at 1233.00.

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