XAUUSD – 28.10.2016


xau_usd_28-10-2016

Gold is trading around 1268. The structure inside the consolidation may be considered as an upside continuation pattern. Possibly, the price may fall to reach 1262 and then continue moving upwards to reach the local target at 1290. Later, in our opinion, the market may fall to return to 1270.

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