XAU/USD: downward correction continues

Forex analytics: The pair XAU/USD has failed to exceed two strong resistance levels 1260.00 (ЕМА200) and 1235.00 (ЕМА144) on the weekly chart.The price of gold has been declining since the beginning of the trading day today. By the opening of European session the price has lost 1.5% due to decline from the level of 1235.00. On 4-hour chart the indicators OsMA and Stochastic give sell signals; on the daily ...