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XAU/USD (Gold) : Waiting for new graphical plots


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#1 ⇑ Haut ⇑ 11-12-2012 10:11:33

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XAU/USD (Gold) : Waiting for new graphical plots

The gold lost its volatility since yesterday. The price has faked a return into the neutral zone 1710/1720 points after the breakout of its bearish slant (brown line). We advise to wait new graphical plots.

We are neutral between 1710 and 1720 points. We advise to trade the pair outside this range:

- Only long positions above 1720 points. The breakouts of 1730 and 1710 points will both give a new buy signal

- Only short positions below 1710 points. A return on 1700 points will be then expected and 1690 in extension.


XAU/USD 1h chart

http://www.tribuforex.fr/analyses/FOREX/xauusd-11122012.png


XAU/USD 4h chart

http://www.tribuforex.fr/analyses/FOREX/xauusd-11122012-2.png







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#2 ⇑ Haut ⇑ 13-12-2012 11:41:29

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Re: XAU/USD (Gold) : Waiting for new graphical plots

The Gold faked yesterday the appearance of a buy signal by the breakout of 1720 points. The price finally plunged below 1710 points giving a sell signal and is currently stabilized on 1700 points. I have no active draws that can be used for short-term.

We are neutral between 1710 and 1720 points. We advise to trade the pair outside this range:

- Only long positions above 1720 points. Upward breaks of 1730 and then 1740 points would then offer new buy signals for an extension of the bullish movement

- Only short positions below 1710 points. Downward breaks of 1700 and then 1690 points would then offer new sell signals for an extension of the downtrend.


XAU/USD 1h chart

http://www.tribuforex.fr/analyses/FOREX/xauusd-13122012.png


XAU/USD 4h chart

http://www.tribuforex.fr/analyses/FOREX/xauusd-13122012-2.png




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#3 ⇑ Haut ⇑ 17-12-2012 12:52:54

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Re: XAU/USD (Gold) : Waiting for new graphical plots

The pair XAU/USD (Gold) continues to evolve under 1700 points (resistance).
The price is testing this morining the support situated at 1690 points.

I advise traders to trade only short positions parity as the price will be located below 1700 points.
A pullback on this level is still possible as long as the price is not able to break  downward the level at 1690 points.
A break of 1690 points will then provide a new sell signal for an extension of the downtrend towards 1675 points (lowest formed in early November) or towards a lower level if this level is broken down.

In case of return the price above 1700 points, then I would advise traders to wait for a breakout of 1710 points before trading long positions.


XAU/USD 1h chart

http://www.tribuforex.fr/analyses/FOREX/xauusd-17122012.png


XAU/USD 4h chart

http://www.tribuforex.fr/analyses/FOREX/xauusd-17122012-2.png




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    XAU/USD (Gold) : Waiting for new graphical plots



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