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XAU/USD (Gold) : Medium term bearish channel


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#1 ⇑ Haut ⇑ 19-12-2012 11:38:40

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XAU/USD (Gold) : Medium term bearish channel

In my last analysis on the gold, i was waiting for new draws and a downtrend channel is now formed.

After the faked return above 1700 points, the pair XAU/USD (Gold) has launched a powerful bearish rally to validate the downward breaks of 1690 and then 1680 points (new sell signals). The price is now in a downtrend channel (orange lines on the graphs). By extension, the price hitted yesterday the lower band of its bearish channel.

We advise traders to trade only short positions as far as the price will be located under 1690 points. The maintaining of the price below 1680 points will strengthen our bearish sentiment. The downward breaks of 1670 and then 1660 points will then offer new sell signals for an extension of the downtrend towards 1650 points or lower level if it is broken down.

In case of return over the price above 1690 points, then I will advise traders to wait for a breakout of 1700 points before trading long positions.


XAU/USD 1h chart

http://www.tribuforex.fr/analyses/FOREX/xauusd-19122012.png


XAU/USD 4h chart

http://www.tribuforex.fr/analyses/FOREX/xauusd-19122012-2.png







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#2 ⇑ Haut ⇑ 26-12-2012 11:54:13

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Re: XAU/USD (Gold) : Medium term bearish channel

The pair XAU/USD (Gold) is trying a new pullback on 1660 points as resistance
The price is back in its bearish channel (orange lines on the chart).

We advise traders to trade only short positions as far as the price will be located under 1670 points. The maintaining of the price below 1660 points will strengthen our bearish sentiment. The downward breaks of 1650 and then 1640 points will then offer new sell signals for an extension of the downtrend towards 1620 points or lower level if it is broken down.

In case of return over the price above 1670 points, then I will advise traders to wait for a breakout of 1680 points before trading long positions.


XAU/USD 1h chart

http://www.tribuforex.fr/analyses/FOREX/xauusd-26122012.png


XAU/USD 4h chart

http://www.tribuforex.fr/analyses/FOREX/xauusd-26122012-2.png




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#3 ⇑ Haut ⇑ 02-01-2013 11:32:44

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Re: XAU/USD (Gold) : Medium term bearish channel

The pair XAU/USD (Gold) has validated this night an output of its bearish channel (orange lines on the chart). The return of the price above 1670 points gave us a first buy signal and the breakout of 1680 points this morning then offered a new buy signal.

I advise traders to trade the pair outside the range 1670/1680 points:

- Only long positions above 1680 points. A breakout of 1690 points will then provide a new buy signal for a return to 1700 points or higher if resistance is also broken up.

- Only short positions below 1670 points. The price should then return within its medium term bearish channel. Downward breaks of 1660 and then 1650 points will offer new sell signals for a return on the lowest at 1640 points.


XAU/USD 1h chart

http://www.tribuforex.fr/analyses/FOREX/xauusd-02012013.png


XAU/USD 4h chart

http://www.tribuforex.fr/analyses/FOREX/xauusd-02012013-2.png




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#4 ⇑ Haut ⇑ 04-01-2013 10:39:50

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Re: XAU/USD (Gold) : Medium term bearish channel

The pair XAU/USD (Gold) faked on Tuesday a downtrend channel output to go stumbling on the resistance at 1690 points in strength. Then, the price has plunged sharply yesterday, confirming the downward breaks of 1670/1660/1650 points. The price is currently testing the next support located at 1640 points (which act as support at the end of 2012).
This bearish rally allows the price to get back into its bearish channel (orange lines on the chart).

I advise traders to trade only short positions as far as the price will be located below 1660 points.
A stay below 1650 points will comfort our bearish sentiment. A break of 1640 points will then provide a new sell signal for an extension of the bearish rally towards 1600 points. Levels at 1630/1620/1610 levels may provide support for a correction of the gold before it reaches 1600 points.

In case of return above 1660 points, then I will advise traders to wait for a breakout of 1670 points (downtrend channel output) before trading only long positions.


XAU/USD 1h chart

http://www.tribuforex.fr/analyses/FOREX/xauusd-04012013.png


XAU/USD 4h chart

http://www.tribuforex.fr/analyses/FOREX/xauusd-04012013-2.png




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#5 ⇑ Haut ⇑ 07-01-2013 11:24:07

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Re: XAU/USD (Gold) : Medium term bearish channel

The pair XAU/USD (Gold) has validated on Friday a break-down of 1640, givng a new sell signal but the price has found support directly on 1630 points. A pullback on 1660 points has followed with strenght. The price has stumbled on this resistance this morning and is now falling.
The pair is still within a medium term bearish channel  (orange lines on the chart).

I advise traders to trade only short positions as far as the price will be located below 1660 points.
A return below 1650 points will comfort our bearish sentiment. A break of 1640 points will then provide a new sell signal for an extension of the bearish movement towards 1600 points. Levels at 1620/1610 levels may provide support for a correction of the gold before it reaches 1600 points.

In case of return above 1660 points, then I will advise traders to wait for a breakout of 1670 points (downtrend channel output) before trading only long positions.


XAU/USD 1h chart

http://www.tribuforex.fr/analyses/FOREX/xauusd-07012013.png


XAU/USD 4h chart

http://www.tribuforex.fr/analyses/FOREX/xauusd-07012013-2.png




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#6 ⇑ Haut ⇑ 09-01-2013 09:57:58

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Re: XAU/USD (Gold) : Medium term bearish channel

The pair XAU/USD (Gold) is back above the 1660 points and is currently testing the upper line of its medium term bearish channel (orange lines on the charts).

I advise traders to remain flat on Gold as far as the price will be located between 1660 and 1670 points. I advise to wait an exit of this range to take position:

- Only short positions if 1660 points is broken. Downward breaks of 1650 and then 1640 points will then offer new sell signals for an extension of the downtrend.

- Only long positions above 1670 points. Upward Breaks of 1680 and 1690 points will give new buy signals for an extension of the bullish movement.


XAU/USD 1h chart

http://www.tribuforex.fr/analyses/FOREX/xauusd-09012013.png


XAU/USD 4h chart

http://www.tribuforex.fr/analyses/FOREX/xauusd-09012013-2.png




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#7 ⇑ Haut ⇑ 24-01-2013 09:45:04

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Re: XAU/USD (Gold) : Medium term bearish channel

The pair XAU/USD (Gold) has validated yesterday an output of its short-term downtrend channel (brown segments). The price is back on the support at 1680 points.
The pair is still far away from its previous medium term downtrend (orange lines).

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.


XAU/USD 1h chart

http://www.tribuforex.fr/analyses/FOREX/xauusd-24012013.png


XAU/USD 4h chart

http://www.tribuforex.fr/analyses/FOREX/xauusd-24012013-2.png




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#8 ⇑ Haut ⇑ 25-01-2013 10:07:09

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Re: XAU/USD (Gold) : Medium term bearish channel

The pair XAU/USD (Gold) has continued its bearish rally yesterday and validated the downward breaks of 1680/75/70 will offer new sell signals. The price has found support twice on 1665 points and is trying this morning a little correction.

I advise traders to trade only short positions as far as the price will be located below 1675 points.
A stay below 1670 points will strengthen our bearish sentiment.
The downside breakout of 1665/60 would offer new sell signals for an extension of the downtrend towards 1650 points or lower if this level is also broken.

In case of return above 1675 points, then I would advise traders to wait for a breakout of 1680 points before trading long positions.


XAU/USD 1h chart

http://www.tribuforex.fr/analyses/FOREX/xauusd-25012013.png


XAU/USD 4h chart

http://www.tribuforex.fr/analyses/FOREX/xauusd-25012013-2.png




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#9 ⇑ Haut ⇑ 29-01-2013 09:42:03

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Re: XAU/USD (Gold) : Medium term bearish channel

The pair XAU/USD (Gold) has continued its bearish rally below its short-term bearish slant (purple line on the 1h chart). The price has validated this night a downward break of this slant and is currently testing the resistance at 1665 points.

I advise traders to trade only short positions as far as the price will be located below 1670 points.
A stay below 1665 points will strengthen our bearish sentiment.
The downside breakout of 1655/50 would offer new sell signals for an extension of the downtrend towards 1640 points or lower if this level is also broken.

In case of return above 1670 points, then I would advise traders to wait for a breakout of 1675 points before trading long positions.


XAU/USD 1h chart

http://www.tribuforex.fr/analyses/FOREX/xauusd-29012013.png


XAU/USD 4h chart

http://www.tribuforex.fr/analyses/FOREX/xauusd-29012013-2.png




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#10 ⇑ Haut ⇑ 06-02-2013 10:07:07

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Re: XAU/USD (Gold) : Medium term bearish channel

For several days, movements made on the pairXAU/USD (Gold) are erratic.
The price seems now to move above a short term bullish slant (purple segment on the 1h chart).

I advise traders to trade the pair outside the range 1670/1675 points:

- Only long positions above 1675 points. Upward breaks of 1680 and 1685 would then offer new buy signals for an extension of the bullish movement.

- Only short positions below 1670 points. Attention to the short term bullish slant which can still act as support. Downward breaks of 1665 and 1660 points would then offer new sell signals for a take up of the downtrend.


XAU/USD 1h chart

http://www.tribuforex.fr/analyses/FOREX/xauusd-06022013.png


XAU/USD 4h chart

http://www.tribuforex.fr/analyses/FOREX/xauusd-06022013-2.png




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#11 ⇑ Haut ⇑ 12-02-2013 09:40:42

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Re: XAU/USD (Gold) : Medium term bearish channel

The pair XAU/USD (Gold) has started yesterday a powerful bearish rally after having validated the breakout of its short term bullish slant (blue segment on 1h chart).
In the late afternoon, the price has validated the breakout of 1650 points.
Charts do not show technical patterns at this time.

I advise traders to trade the pair according to 1660 points:

- Only short positions below 1660 points. A stay below 1650 points will strengthen the bearish sentiment. Downward breaks of 1640 and then 1630 points would offer new sell signals for an extension of the bearish rally towards 1600 points.
(Warning, 1630 points is a former resistance - see daily chart)

- Only long positions above 1660 points. Upward breaks of 1670 and then 168 points would offer new buy signals.


XAU/USD 1h chart

http://www.tribuforex.fr/analyses/FOREX/xauusd-12022013.png


XAU/USD 4h chart

error: image http://www.tribuforex.fr/analyses/FOREX/xauusd-022013-2.png cannot be loaded.




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#12 ⇑ Haut ⇑ 18-02-2013 10:29:37

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Re: XAU/USD (Gold) : Medium term bearish channel

All draws on the pair XAU/USD (Gold) have been re-worked.
The price seems now to move within a medium term bearish channel (orange lines).
The price is currently between the two center lines of the channel.
On the short term, the downward movement is led by a bearish slant (blue line on 1H chart).

At the end of last week, the pair has started a powerful bearish rally, allowing the price to reach  the support at 1600 points. The price just made a correction of this rally and made a pullback on 1620 points.

I advise traders to trade only short positions as far as the price will be located below 1630 points.
A stay below 1620 points will strengthen our bearish sentiment. A break of 1600 points would provide a new sell signal for an extension of the bearish rally towards 1550 points.

In case of return above 1630 points, I would then advise traders to wait for a breakout of 1650 points before trading long positions.

XAU/USD 1h chart
http://www.tribuforex.fr/analyses/FOREX/xauusd-18022013.png


XAU/USD 4h chart
http://www.tribuforex.fr/analyses/FOREX/xauusd-18022013-2.png




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#13 ⇑ Haut ⇑ 21-02-2013 10:48:00

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Re: XAU/USD (Gold) : Medium term bearish channel

A new bearish rally occured yesterday on XAU/USD (Gold) and has caused the downward breaks of 1600 points and 1580 points (new sell signals).
The price has just reached the lower band of its medium term bearish channel (orange lines).
At the same level, 1560 points is giving support.

I advise traders to trade only short positions as far as the price will be located below 16 points.
A stay below 1580 points will strengthen our bearish sentiment. A break of 1560 points would provide a new sell signal for an extension of the bearish rally towards 1550 points.

In case of return above 1600 points, I would then advise traders to wait for a breakout of 1620 points before trading long positions.

XAU/USD 1h chart
http://www.tribuforex.fr/analyses/FOREX/xauusd-21022013.png


XAU/USD 4h chart
http://www.tribuforex.fr/analyses/FOREX/xauusd-21022013-2.png




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#14 ⇑ Haut ⇑ 26-02-2013 10:54:20

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Re: XAU/USD (Gold) : Medium term bearish channel

The pair XAU/USD (Gold) is back this morning on the resistance at 1600 points.
The price has validated yesterday a return above the first center line of its medium term bearish channel (orange lines on charts).
On the short term, the correction is led by a bullish slant (purple segment).

I advise traders to trade only short positions as far as the price will be located below 1600 points.
A return below 1580 points will strengthen our bearish sentiment. A break of 1560 points would provide a new sell signal for an extension of the bearish rally towards 1550 points.

In case of return above 1600 points, I would then advise traders to wait for a breakout of 1620 points before trading long positions.

XAU/USD 1h chart
http://www.tribuforex.fr/analyses/FOREX/xauusd-26022013.png


XAU/USD 4h chart
http://www.tribuforex.fr/analyses/FOREX/xauusd-26022013-2.png




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#15 ⇑ Haut ⇑ 01-03-2013 09:13:44

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Re: XAU/USD (Gold) : Medium term bearish channel

The pair XAU/USD (Gold) has validated a return above 1600 points to test 1620 points as resistance. Yesterday morning, the price has stumbled on the second mid line of its medium term bearish channel (orange lines on charts) and the price get back below 1600 points. The pair is currently testing the first mid line of the bearish channel in support, and also a break-down 1580 points.

I advise traders to trade only short positions as far as the price will be located below 1600 points.
A return below 1580 points will strengthen our bearish sentiment. A break of 1570 points would provide a new sell signal for an extension of the bearish movement towards 1560 points.

In case of return above 1600 points, I would then advise traders to wait for a breakout of 1620 points before trading long positions.

XAU/USD 1h chart
http://www.tribuforex.fr/analyses/FOREX/xauusd-28022013.png


XAU/USD 4h chart
http://www.tribuforex.fr/analyses/FOREX/xauusd-28022013-2.png




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#16 ⇑ Haut ⇑ 05-03-2013 09:37:42

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Re: XAU/USD (Gold) : Medium term bearish channel

The pair XAU/USD (Gold) continues to evolve on the first mid line of its bearish channel as support (orange line on charts).
The price is trying to rebound this morning after a new test of the support at 1570 points.

I advise traders to trade only short positions as far as the price will be located below 1600 points.
A return below 1580 points will strengthen our bearish sentiment. A break of 1570 points would provide a new sell signal for an extension of the bearish movement towards 1560 points.

In case of return above 1600 points, I would then advise traders to wait for a breakout of 1620 points before trading long positions.

XAU/USD 1h chart
http://www.tribuforex.fr/analyses/FOREX/xauusd-05032013.png


XAU/USD 4h chart
http://www.tribuforex.fr/analyses/FOREX/xauusd-05032013-2.png




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#17 ⇑ Haut ⇑ 13-03-2013 09:03:21

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Re: XAU/USD (Gold) : Medium term bearish channel

The pair XAU/USD (Gold) has moved horizontaly for several days around 1580 points.
The price has rebounded yesterday and stumbled over the upper band of the medium term bearish channel (orange lines).
By extension, the price is also facing resistance on 1600 points.

I advise traders to trade only short positions as far as the price will be located below 1600 points.
A return below 1580 points will strengthen our bearish sentiment. A break of 1570 points would provide a new sell signal for an extension of the bearish movement towards 1560 points.

In case of return above 1600 points, I would then advise traders to wait for a breakout of 1620 points before trading long positions.

XAU/USD 1h chart
http://www.tribuforex.fr/analyses/FOREX/xauusd-13032013.png


XAU/USD 4h chart
http://www.tribuforex.fr/analyses/FOREX/xauusd-13032013-2.png




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#18 ⇑ Haut ⇑ 25-03-2013 11:06:38

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Re: XAU/USD (Gold) : Medium term bearish channel

The pair XAU/USD (Gold) continues to move for several days between 1600 and 1620 points.
The price is above the parallel of its medium term bearish channel(orange dotted line).
On the short term, the pair is still above a bullish slant (brown segment).

I advise traders to trade the pair outside the range of 1600/1620 points:

- Stay flat between 1600 and 1620 points.

- Trade only short positions below 1600 points. Downward breaks of 1590 and then 1580 points would offer new sell signals for an extension of the downtrend.

- Trade only long positions above 1620 points. Upward Breaks of 1630 and then 1640 points would offer new buy signals for a pursuit if the bullish movement

NB: traders whose trading strategy is more aggressive could trade the pair according to 1600 points (long above and short below).

XAU/USD 1h chart
http://www.tribuforex.fr/analyses/FOREX/xauusd-25032013.png


XAU/USD 4h chart
http://www.tribuforex.fr/analyses/FOREX/xauusd-25032013-2.png




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#19 ⇑ Haut ⇑ 27-03-2013 10:05:38

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Re: XAU/USD (Gold) : Medium term bearish channel

The pair XAU/USD (Gold) continues to evolve around 1600 points.
The price found support on Monday on the extension line of its medium term bearish channel (orange lines - see previous analyzis for a better understing of the origin of these draws).
On this downward movement, the price has validated a break of the medium term bullish slant (brown segment).
On the short term, the gold is now moving below a bearish slant (purple segment).

I advise traders to trade the pair outside the range of 1600/1620 points:

- Stay flat between 1600 and 1620 points.

- Trade only short positions below 1600 points. Downward breaks of 1590 and then 1580 points would offer new sell signals for an extension of the downtrend movement.

- Trade only long positions above 1620 points. Upward Breaks of 1630 and then 1640 points would offer new buy signals for a pursuit if the bullish movement

NB: traders whose trading strategy is more aggressive could trade the pair according to 1600 points (long above and short below).

XAU/USD 1h chart
http://www.tribuforex.fr/analyses/FOREX/xauusd-27032013.png


XAU/USD 4h chart
http://www.tribuforex.fr/analyses/FOREX/xauusd-27032013-2.png




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#20 ⇑ Haut ⇑ 28-03-2013 11:32:27

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Re: XAU/USD (Gold) : Medium term bearish channel

The pair XAU/USD (Gold) continues to evolve around 1600 points ...
The price made a small bullish movement yesterday and has validated the breakout of the short term bearish slant (purple segment on 1h chart).
The gold also continues to move around its medium term bullish slant (brown segment). This slant acts sometimes as support (like this time) but also as resistance.

I advise traders to trade the pair outside the range of 1600/1620 points:

- Stay flat between 1600 and 1620 points.

- Trade only short positions below 1600 points. Downward breaks of 1590 and then 1580 points would offer new sell signals for an extension of the downtrend movement.

- Trade only long positions above 1620 points. Upward Breaks of 1630 and then 1640 points would offer new buy signals for a pursuit if the bullish movement

NB: traders whose trading strategy is more aggressive could trade the pair according to 1600 points (long above and short below).

XAU/USD 1h chart
http://www.tribuforex.fr/analyses/FOREX/xauusd-28032013.png


XAU/USD 4h chart
http://www.tribuforex.fr/analyses/FOREX/xauusd-28032013-2.png




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    XAU/USD (Gold) : Medium term bearish channel



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