Updated the:

01/26/2011

XAU/USD (Gold) Technical Analysis comments :

Sentiment:

sentiment

The pair XAU/USD validated a breakout of the lower band of its bullish channel. The pair is currently testing a pullback on this level as resistance. All indicators are baerish. We maintain to trade only short positions as far as 1350 is resistance. The breakout of 1330 will give a new sell signal. The next support is at 1320.

XAU/USD

XAU/USD