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XAU/USD- Weekly technical Strategy and Outlook (06:28 CET)
03 Nov, 2009 @ 10:19 am ET | written by Forextribe
The parity got out of its short term bearish channel. THe price is back above the fibonacci retracement 23.60% and reached the highest of october. Currenlty, the price is making a correction. We advise to trade only long positions as far as the price is above 1051 (fibonacci retracement 23.60%). A break out of the highest of october will comfort the bullish movement.
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