Updated the:
06/29/2012
XAU/USD (Gold) : Above the upper band of its bullish channel
Sentiment :
sentiment
1600
sentiment
1580
sentiment
The pair XAU/USD (Gold) is moving above the upper band of its bearish channel (purple lines).
The gold just found support on 1550 points and is currently trying to rebound on 1580 points as resistance.
We think that the gold will continue its bearish rally above the upper band of its channel. The breakout of 1550 points will offer a new sell signal.If a return above 1580 points occur, we will then advise to wait the breakout of 1600 points to advise long positions.

Analysis published by Vincent, the 06/29/2012 at 12h00 GMT+2

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