XAU/USD: the pair is in the ascending channel. Technical analysis for 06.07.2016

Forex analytics: Review and dynamicsAt the end of yesterday’s trading session at Comex the price of August futures for gold rose by 1.5%, up to 1358.70 USD per ounce. At today’s Asian session spot price of gold reached the new 2-year highs. At the opening of European session today, gold was traded at the level of 1370.00. Demand for gold is increasing amid uncertainty prevailing in the financial markets ...