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Thursday, February 2, 2012

XAU/USD (GOLD) 02.02.2012


/ On : 1:00 PM
Parity XAU / USD (GOLD) continues to evolve on its line of resistance long term bullish channel (brown line on the graph - see long-term analysis).
The course is currently testing the resistance next to 1750 points.
All indicators are bullish.
We continue to advise treat only as the course will be located above 1720 points.
An extension of the course above the 1730 points to strengthen our bullishness on parity.
A break of 1750 points upward while offering a new buy signal for an extension of theupward movement in the direction of 1800 points.
In case of return of the course under the 1720 points then we will wait for a break out of1700 points to enter to advise / treat not only the short positions on sex.


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