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Monday, February 6, 2012

XAU/USD (GOLD) 06.02.2012


/ On : 12:42 PM
Parity XAU / USD (Gold) conducted a return on Friday in the 1750 points.
The course is currently testing the 1720 support points.
The course continues to evolve resistance line on its long-term uptrend channel (brown lines on the graph - see long-term analysis).
Indicators remain generally optimistic.
We maintain to trade only long positions that the course will be located above 1720 points.
A return of the course above the 1730 points strengthen our bullishness on parity.
A break upwards of 1750 points will then offer a new buy signal for a bullish extended to1800 points.
In case of return of the course under the 1720 points, so we'll wait for an out of 1700 pointsto advise incoming / not treat more short positions in parity.


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