XAU/USD: the pair is going up in the ascending channel. Technical analysis for 02.08.2016

Forex analytics: Review and dynamics Fundamental factors put pressure on the USD and trigger the rise in gold price. At the end of July, the pair XAU/USD has bounced from the support levels 1315.00 (the lower limit of the ascending channel on the daily chart), 1324.00 (Fibonacci 38.2% to the wave of decline since October 2012) and continues to grow in the ascending channel on the weekly chart with the upper limit ...