XAU/USD: Gold is overbought

Forex analytics: The price of gold has returned to the level of 1190.00 USD per troy ounce, (which is had at the beginning of November), regaining half of the losses since mid-October 2015. On the daily chart the price has broken down strong resistance levels 1129.00 (ЕМА200), 1132.00 (upper line of the upward channel) and 1135.00 (Fibonacci 61.8%). On the weekly chart the price is rising to the upper line of ...