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

By IBTimes Staff Reporter | February 23 2010 4:56 AM

A correction occured and the parity is currently testing its bullish slant. A lowest has been also made on 1110. We maintain to trade only long positions as far as 1110 is support. The break out of 1126.30 will give a new buy signal. However, if 1110 is broken, we will stay neutral on the parity between 1100 and 1110.

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