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Commentary of the XAU/USD parity:
The parity found support on 1160 and the price is currently making a rebound of correction. Indicators are globaly bearish. We maintain to trade only short positions as far as 1170 is resistance. The breakout of 1160 will give a new sell signal. As far as 1160 is support, a pullback on 1180 is possible.
See the previous analysis of the XAU/USD parity of July 28th, 2010
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Commentary of the XAU/USD parity:
The parity continued its bearish movement. The breakout of 1180 offered us a new sell signal. Currently, the parity is testing the next support at 1160. All indicators are bearish. We maintain to trade only short positions as far as the price is below 1170. If 1160 is broken, a new sell signal will be given. As far as this level is support, a pullback on 1180 is possible.
See the previous analysis of the XAU/USD parity of July 27th, 2010
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Commentary of the XAU/USD parity:
The breakout of 1190 gave us a sell signal. The parity seems to have difficulties to pursuit its bearish movement below the next support at 1180. However, the price is still moving its bearish slant. Indicators are mixed. We maintain to trade only short positions as far as the price is below 1195. A breakout of 1180 will give a new sell signal.
See the previous analysis of the XAU/USD parity of July 26th, 2010
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Commentary of the XAU/USD parity:
The parity continues to move below its bearish slant. Indicators are neutral. We stay neutral on the parity between 1190/1200 and we advise to wait an exit of this range to take position:
- Long if 1200 is broken
- Short if 1190 is broken
See the previous analysis of the XAU/USD parity of July 23th, 2010
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Commentary of the XAU/USD parity:
The parity is currently testing is bearish slant (dotted purple line) and also the level 1200. We stay neutral on the parity as far as the price is moving between 1190/1210 and advise to wait an exit of this range to take position:
- Long if 1210 is broken
- SHort if 1190 is broken
See the previous analysis of the XAU/USD parity of July 22th, 2010
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Commentary of the XAU/USD parity:
We maintain the same analysis : 'The parity just made a pullback on 1190. We maintain the same analysis : 'The parity just broke the support at 1190, offering a sell signla. All indicators are bearish but the movement seems to find support on 1180. We maintain to trade only short positions as far as the price is below 1195 (last highest). The break out of 1180 will give a new sell signal. The next support is at 1170.'
See the previous analysis of the XAU/USD parity of July 21th, 2010
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Commentary of the XAU/USD parity:
The parity just made a pullback on 1190. We maintain the same analysis : 'The parity just broke the support at 1190, offering a sell signla. All indicators are bearish but the movement seems to find support on 1180. We maintain to trade only short positions as far as the price is below 1195 (last highest). The break out of 1180 will give a new sell signal. The next support is at 1170.'
See the previous analysis of the XAU/USD parity of July 20th, 2010
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Commentary of the XAU/USD parity:
The parity just broke the support at 1190, offering a sell signla. All indicators are bearish but the movement seems to find support on 1180. We maintain to trade only short positions as far as the price is below 1195 (last highest). The break out of 1180 will give a new sell signal. The next support is at 1170.
See the previous analysis of the XAU/USD parity of July 19th, 2010
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Commentary of the XAU/USD parity:
The parity didn't succeed to pursuit its bullish movement into its short term bullish channel, after the break out of 1210. Currently, the price is testing a major support at 1190. All indicators are bearish. We stay neutral between 1190 and 1210. We will wait an exit of this range to enter into the side of the breakout :
- Long if 1210 is broken
- Short if 1190 is broken
( Stop loss above or below 1210 for both)
See the previous analysis of the XAU/USD parity of July 15th, 2010
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Commentary of the XAU/USD parity:
The parity fake a breakout of the resistance at 1210. The price just made a short return below this level and is currently testing again the resistance. The parity is still moving into its short term bullish channel (dotted black lines). We maintain to trade only long positions as far as the price is above 1200. A return above 1210 will comfort our bullish feeling. The next resistance is at 1227.
See the previous analysis of the XAU/USD parity of July 14th, 2010
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Commentary of the XAU/USD parity:
The parity just validated a breakout of the resistance at 1210. The price is currently testing a pullback on this level. Indicators are globaly bullish. We advise to trade only long positions as far as the price is above 1200. The next resistance is at 1227. A breakout of this level will give a new buy signal.
See the previous analysis of the XAU/USD parity of July 13th, 2010
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Commentary of the XAU/USD parity:
The parity didn't succeed to break the support at 1190. The price is now making a return above 1200 and is currently testing the resistance at 1210. Indicators are globaly bullish. We advise to wait a breakout of 1210 to trade only long positions as far as the price is above 1200. The next resistance is at 1227.
See the previous analysis of the XAU/USD parity of July 9th, 2010
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Commentary of the XAU/USD parity:
The gold just found support again on 1190 after a false break out of 1200. We will wait the break out of 1210 to trade only long positions as far as the price is above 1200. Short positions will be advisable if 1190 is broken.
See the previous analysis of the XAU/USD parity of July 8th, 2010
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Commentary of the XAU/USD parity:
The gold just broke the last lowest of July 1st towards 1200, offering a new sell signal. Indicators are globaly bearish. The price is now moving towards 1170/1160. We advise to trade only short positions as far as the price is below 1200.
See the previous analysis of the XAU/USD parity of July 6th, 2010
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Commentary of the XAU/USD parity:
The gold continues to test a return above 1210. Indicators are mixed. If 1210 is broken, the price should reach 1227. The break out of 1210 will allow us to trade only long positions as far as the price is above its last lowest at 1200. However, a break out of 1200 will give a sell signal and the price should reach 1170/1160.
See the previous analysis of the XAU/USD parity of July 5th, 2010
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Commentary of the XAU/USD parity:
The gold just made a strong bearish correction movement. The price found support on 1200. We stay neutral as far as the price is below 1227. A break out of this level will give a buy signal. However, if 1200 is broken, a sell signal will be given. It will then be possible to short the parity towards 1180 or less.
See the previous analysis of the XAU/USD parity of July 2nd, 2010
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Commentary of the XAU/USD parity:
The last commentary is unchanged : 'The parity made a return above 1240. Indicators are mixed. We advise to trade only long positions as far as the price is above 1235. The break out of 1250 and 1260 will both offer new buy signals.'
See the previous analysis of the XAU/USD parity of June 30th, 2010
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