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    XAU/USD: analysis and forecast on 30.04.2015

    At the beginning of the week gold sharply went up. On Monday, after closing of the American session, the metal exceeded the level of 1200.00 and consolidated there. This level was a strong support, which prevented further decline in the pair. After that the pair XAU/USD tested the level of 1215.00 (Fibonacci retracement of 38.2%), but failed to break through and corrected. Currently, the metal is traded in the range of 1200.00 – 1210.00 and the “bears” have no chances to win back lost positions so far. 

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