XAU/USD: Gold is oversold

Forex analytics: The price of gold has returned to the last year level of 1188.00. Correction over the last 1.5 month (since the beginning of this year) amounted to 100% versus the lows of mid-October 2015. Today’s decline in the price of gold comes with the decline in price of the other precious metals, oil andcommodities. On the hourly and 4-hour charts the indicators OsMA and Stochastic have turned in ...