Updated the:
09/24/2012
XAU/USD (gold) : Take up of the medium term bullish trend

Sentiment :
sentiment sur la parité EUR/CHF
1750
sentiment sur la parité EUR/CHF
1740
sentiment sur la parité EUR/CHF

--- Follow up analysis ---
The pair XAU/USD (Gold) has faked on friday the breakout of the resistance at 1780 points. Then, the price felt on the upper band of its medium term bullish channlel (purple lines) and is now finding support on 1760 points.

We continue to advise long positions as far as 1750 points is support. The breakout of 1780 points will give a new buy signal and should open the way for a test of 1800 points.

In case of return below 1750 points, we will wait the breakout of 1740 points to advise short positions.

NB: The gold could also be trade according to 1760 points (long above and short below) for traders with a more agressive strategy
 

Analysis published by Vincent, the 09/24/2012 at 09h15 GMT+2

Complete analysis



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




 

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

 

For more reports, go to Forextribe