Updated the:
09/28/2012
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 has made yesterday a strong rebound and is back again on 1780 points as resistance. The price is still moving above the upper band of its medium term bullish channel (purple lines).

We continue to advise long positions as far as 1760 points. The breakouts of 1780 and 1800 points will give new buy signals.

In case of return below 1760 points, we will then advise to wait the breakout of 1740 to trade 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 09/28/2012 at 10h15 GMT+2

Complete analysis



Chart of the pair XAU/USD (Gold)- Timeframe 4H
XAU/USD Technical Analysis
 
Chart of the pair XAU/USD (Gold)- Timeframe 1H
XAU/USD Technical Analysis




 

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

 

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