XAU/USD: The price remains in the ascending channel. Technical analysis for 16.08.2016

Forex analytics: Review and dynamics On the weekly chart the pair XAU/USD remains in the ascending channel with the upper limit near the levels of 1385.00 (highs of 2014) and 1410.00 (Fibonacci 50.0% to the decline since October 2012). The pair XAU/USD is above the level of 1324.00 (Fibonacci 38.2%) and positive momentum continues. Our opinion On 4-hour chart the indicators OsMA and Stochastic give buy ...