XAUUSD-11:20 (CET)

19 November 2009 @ 07:48 am EDT

The pair is trading on the lateral sideways channel built on October 28th, in which offered us a movement of 100 dollars, so far. Right now, the pair is trading at 1137.03 dollars per ounce of gold. Despite the dollar's apreciation, the medium term outlook for gold are positive. If the trend reverts, the 50-days MA could act as aa resistance, while the support to watch is at 1126 dollars per ounce.

According to the CCI and RSI, the pair is on neutral ground.

Copyright 2009, Advanced Currency Markets SA, Forex Broker, All Rights Reserved

E-Newsletters

We value your privacy. Your email address will not be shared.

Home
World
US
Economy
Companies
Tech
Science
Global Markets
Education
Real Estate
Forex
Commodities
Gold & Silver Matters
More Sections
Fashion
Auto
Travel
Health
Law
Entertainment
Sports
Luxury
Art
Books
Tech & Trend
Tools & Features
Topics
Blogs
Market Data
Stock Watch List
Investment Calculator
Financial Glossary
Broker Center
World Business Headlines
Updates
RSS Feeds
IBTimes on Twitter
IBTimes on Facebook
E-Newsletters
Services
Forex Newsfeed
Research
Press Release
About IBTimes
News Licensing
Media Kit
Advertise with Us
About IBTimes
Contact Us
Terms of Service
Privacy Policy