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

By IBTimes Staff Reporter | March 03 2010 9:00 AM

The resistance at 1125 has just been broken, offering a new buy signal. The price is now moving towards the next resistance at 1150 (38.20% fibonacci retracement). A pullback is however possible on 1125. We maintain to trade only long positions as far as the price is above 1125.

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