XAU/USD (Gold) analysis of the week (4h candlesticks)

By IBTimes Staff Reporter | January 21 2010 4:42 AM

The support at 1125 has been broken and so a sell signal has been given. The price is now going towards the next support at 1100. We stay neutral on the parity as far as the price is moving between 1100 and 1125. A break out of 1100 will offer a new sell signal and we will then advise to trade only short positions. If the price get back above 1125, we will advise to enter long and to trade only long positions.

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