Updated the:
07/25/2012
XAU/USD : The gold is shaping a symmetrical triangle
Sentiment :
sentiment
1600
sentiment
1580
sentiment
At the beginning of May, we see the pair XAU/USD has shaped a symmetrical triangle of bottoms letting us think that the bearish movement should pursuit.To stay close to our last analysis, we are neutral between 1580 and 1600 points. We advise to wait an exit of this range to take positions:
- Long above 1600 points. The breakout of 1620 points will give a new buy signal
- Short below 1580 points. The breakout of 1560 points will give a new sell signal.

Most agressive traders could trade the gold according to the key level at 1590 points.
Analysis published by Vincent, the 07/25/2012 at 09h00 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