XAU/USD (GOLD) Technical Analysis
January 25, 2013 1:52 AM EST
|XAU/USD (Gold) : Medium term bearish channel|
--- Follow up analysis ---
I advise traders to trade Gold according to the key level at 1680 points:
- Only short positions if 1680 points is broken. Downward breaks of 1670 and then 1660 points will then offer new sell signals for an extension of the downtrend.
- Only long positions above 1680 points. Upward Breaks of 1680 and 1700 points will give new buy signals for an extension of the bullish movement.
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