XAU/USD (GOLD) Technical Analysis

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Updated the:
07/17/2014
XAU/USD (Gold) : return below 1300 points !

Sentiment :
sentiment sur la parité AUD/USD
1312
sentiment sur la parité AUD/USD
1312
sentiment sur la parité AUD/USD

--- Follow up analysis ---
The Gold (XAU/USD) is falling since the beginning of the week and has validated a breakout of 1312 points (sell signal).
Then, the price made a pullback on this level.
The Gold is now moving below a medium term bullish slant (purple line).

I would advise traders to trade only short positions (sell) as far as the price is below 1312 points.
A break of 1295 points will offer a new sell signal for an extension of the bearish rally towards 1285 points.

In case of return above 1312 points, a buy signal will be given. Long positions (purchase) on gold will be then advised.
Full analysis

Analysis published by Vincent, the 07/17/2014 at 10h20 GMT+2


Chart of GOLD - Timeframe 1H
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GOLD Technical Analysis

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