XAU/USD (GOLD) Technical Analysis

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xauusd


Updated the:
04/22/2014
XAU/USD (Gold) : return below 1300 points !

Sentiment :
sentiment sur la parité AUD/USD
1305
sentiment sur la parité AUD/USD
1295
sentiment sur la parité AUD/USD

--- Follow up analysis ---
The 1305 points acted well as resistance.
The price has felt on the low of April 15th to 1285 points.
Gold is now below the support line of its previous medium term bullish channel (purple lines).

I would advise traders to trade only short positions (sell) on gold as far as 1295 points is resistance.
A return below 1285 points will offer a new sell signal for a test of 1278 points (Lows of April 1st).

In case of return above 1295 points, i would then advise traders to wait for a breakout of 1305 points before to trade long positions (buy) on gold.
Full analysis

Analysis published by Vincent, the 04/22/2014 at 11h40 GMT+2


Chart of GOLD - Timeframe 1H
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