XAU/USD: The decline will continue to the level of 1218.00. Technical analysis as of 25.05.2016

Forex analytics: Review and dynamics With the opening of today’s trading day, yesterday’s significant decline in gold continued. The price of gold has been declining since the beginning of this month. The price has broken the lower line of the ascending channels on the daily and weekly charts at the level of 1231.00 with the upper limit close to the levels of 1300.00 and 1323.00 (Fibonacci 38.2%) and ...