Updated the:
11/16/2012
XAU/USD : 1700 points are giving support, take up of the bullish trend?

Sentiment :
sentiment sur la parité EUR/CHF
1720
sentiment sur la parité EUR/CHF
1710
sentiment sur la parité EUR/CHF

--- Follow up analysis ---
The Gold has validated yesterday a return below 1720 points and is currently testingthe support at 1710 points. The price is now moving into a short term bearish channel (pink lines in h1).

We advise to trade the pair outside the range 1710/1720 points :

- Only long positions above 1720 points. The breakouts of 1730 and 1740 will both give a new buy signal

- Only short positions below 1710 points. The breakout of 1700 points will give a new sell signal and will open the way towards 1675 points.
 
 
 
 
 
 

Analysis published by Vincent, the 11/16/2012 at 11h00 GMT+2

Full 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

 

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