XAUUSD – 05.10.2016


xau_usd_05-10-2016

Gold has broken the triangle pattern downwards and almost reached the target of the descending wave. So far, the market is under pressure and still falling. We think, today the price form another consolidation range at the current lows. If later the instrument breaks this consolidation range upwards, it may return to 1310; if downwards – expand the range towards 1260.

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