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Friday, February 10, 2012

XAU/USD (GOLD) 10.02.2012


/ On : 11:34 AM
Parity XAU / USD (Gold) has once again met yesterday on the strength of 1750 points in extension.
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 break of 1750 points and then offer up a new buy signal for a bullish extended to 1800 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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