Updated the:
10/09/2012
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) continues to move on the upper band of its medium term bullish slant (purple lines). The price is still finding resistance on 1780 points.

We continue to advise long positions as far as 1760 point is support. The breakouts of 1790 and 1800 points will both give a new buy signal and will open the way for a new bullish wave.

In case of return below 1760 points, we will advise to wait the breakout of 1740 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 10/09/2012 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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