Technical analysis of the XAU/USD (Gold) parity on March 22th, 2010

By Forextribe
20 March 2010 @ 12:29 pm EDT

Commentary of the XAU/USD parity:

The gold failed to break the resistance at 1125 (fibonacci retracement 50%). A break out of this level will offer a buy signal. All indicators are bearish but we advise to trade only long positions as far as the price is above 1100 (fibonacci retracement 61.80%). A break out of this level will however offer a sell signal but we will then stay neutral on the parity.

For more reports, go to Forextribe

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