Updated the:
10/04/2012
XAU/USD (gold) : Take up of the medium term bullish trend

Sentiment :
sentiment sur la parité EUR/CHF
1760
sentiment sur la parité EUR/CHF
1740
sentiment sur la parité EUR/CHF

--- Follow up analysis ---
The pair XAU/USD (Gold) just validated the breakout of 1780 points, offering a new buy signal. The price is still moving on the upper band of its medium term bullish channel (purple lines).

We continue to advise long positions as far as 1760 points is support. A pullback on 1780 points sta possible before a new bullish wave. The movement should pursuit towards 1800 points if 1790 is broken.

In case of return below 1760 points, we will advise to wait the breakout of 1760 points to trade short positions.

NB: The gold could also be trade according to 1770 points (long above and short below) for traders with a more agressive strategy
 

Analysis published by Vincent, the 10/01/2012 at 11h30 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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