XAUUSD – 14.10.2016


xau_usd_14-10-2016

Gold has broken the flag correctional pattern and right now is moving upwards in the consolidation channel. We think, today the price may grow to reach 1265, and this is just a half of this structure. Later, in our opinion, the market may break the channel upwards and continue growing with the target is at 1280.

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