XAU/USD: the pair is under pressure but in the ascending channel. Technical analysis for 29.07.2016

Forex analytics: Review and dynamics Following sharp rise of the price of gold caused by the Fed's decision to leave interest rates unchanged, the pair XAU/USD has been declining for the second day. The price of gold has not grown even today’s sharp rise in the Yen caused by the decisions adopted by the Bank of Japan, although volatility at the time of publication of the Bank’s decisions exceeded $1 per ounce ...