Updated the:
06/27/2012
XAU/USD (Gold) Technical Analysis comments :
Sentiment :
sentiment
1600
sentiment
1580
sentiment
The pair XAU/USD felt yesterday below the support at 1580 points, offering a sell signal.
The pair continues to move above the upper band of its medium term bearish channel (purple lines).
Indicators are globaly bearish.
We continue to advise short positions as far as 1580 points is resistance.
The breakout of 1560 points will give a new sell signal and will open the way towards 1540 points.
In case of return above 1580 points, we will wait the breakout of 1600 points to advise long 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