Updated the:

01/24/2011

XAU/USD (Gold) Technical Analysis comments :

Sentiment:

sentiment

The pair XAU/USD just found support on the lower band of its bearish channel. All indicators are bearish. We maintain to trade only short positions as far as 1360 is resistance. A return below 1350 will comfort our bearish feeling and the breakout of 1340 will give a new sell signal. The next supprot is at 1330.

XAU/USD

XAU/USD