Updated the:
06/15/2012
XAU/USD (Gold) Technical Analysis comments :
Sentiment :
sentiment
1600
sentiment
1580
sentiment
The pair XAU/USD has validated yesterday the breakout of the resistance at 1620 points, giving us a new buy signal.
The pair is now far from the upper band of its medium term bearish channel (purple lines).
All indicators are bullish.
We continue to advise long positions as far as 1600 points is support.
The breakout of 1640 points will give a new buy signal and will open the way towards 1660 points.
In case of return below 1600, we will wait the breakout of 1580 points to advise short positions.
Complete sheet of the pair XAU/USD (Gold) - Previous XAU/USD (Gold) Analysis

Chart of the pair XAU/USD (Gold)- Timeframe 4H - Zoom in :

XAU/USD

Chart of the pair XAU/USD (Gold)- Timeframe 4H - Zoom out:

XAU/USD

XAU/USD (Gold) Live Chart - Timeframe : 1h

Chart