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Advise To Trade The PairTitle:
Technical analysis of the XAU/USD (Gold) pair on May 18th, 2012
Commentary of the XAU/USD (Gold) pair:
The gold has continued its rebound and is currently testing a pullback on the resistance at 1577 points and also on the lower band of its bearish channel (purple lines).
Indicators are globaly bearish.
We maintain to trade only short positions as far as 1577 points is resistance.
A return below 1550 points will comfort our bearish feeling.
The breakout of 1520 will both a new sell signal and open the way towards 1500 points.
In case of return above 1577 points, we will wait the breakout of 1600 to advise long positions.
See the previous analysis of the XAU/USD pair of May 17th, 2012
XAU/USD Analysis
Title:
Technical analysis of the XAU/USD (Gold) pair on May 17th, 2012
Commentary of the XAU/USD (Gold) pair:
The gold is currently making a pullback on the resistance at 1550 points.
The pair continues below the lower band of its medium term bearish channel (purple lines).
Indicators stay globaly bearish.
We maintain to trade only short positions as far as 1577 points is resistance.
The breakout of 1520 will both a new sell signal and open the way towards 1500 points.
In case of return above 1577 points, we will wait the breakout of 1600 to advise long positions.
See the previous analysis of the XAU/USD pair of May 16th, 2012
XAU/USD Analysis
Title:
Technical analysis of the XAU/USD (Gold) pair on May 16th, 2012
Commentary of the XAU/USD (Gold) pair:
The gold has continued its bearish movement and the breakout of 1550 points gave us a new sell signal.
Currently, the gold is moving towards the next support at 1520 points.
The pair continues below the lower band of its medium term bearish channel (purple lines).
All indicators are bearish.
We maintain to trade only short positions as far as 1577 points is resistance.
The breakout of 1520 will both a new sell signal and open the way towards 1500 points.
In case of return above 1577 points, we will wait the breakout of 1600 to advise long positions.
See the previous analysis of the XAU/USD pair of May 15th, 2012
XAU/USD Analysis
Title:
Technical analysis of the XAU/USD (Gold) pair on May 15th, 2012
Commentary of the XAU/USD (Gold) pair:
The gold has continued its bearish movement and the breakout of 1578 gave us a new sell signal.
Currently, the gold is testing the next support at 1550 points.
The pair is now moving below the lower band of its medium term bearish channel (purple lines).
All indicators are bearish.
We maintain to trade only short positions as far as 1586 points is resistance.
The breakout of 1550 will both a new sell signal and open the way towards 1520 points.
In case of return above 1586 points, we will wait the breakout of 16 to advise long positions.
See the previous analysis of the XAU/USD pair of May 14th, 2012
XAU/USD Analysis
Title:
Technical analysis of the XAU/USD (Gold) pair on May 14th, 2012
Commentary of the XAU/USD (Gold) pair:
The gold is currently testing the support at 1578 points.
The pair continues to move on the lower band of its medium term bearish channel (purple lines).
All indicators are bearish.
We maintain to trade only short positions as far as 1610 points is resistance.
The breakout of 1578 will both a new sell signal and open the way towards 1550 points.
In case of return above 1610 points, we will wait the breakout of 1627 to advise long positions.
See the previous analysis of the XAU/USD pair of May 11th, 2012
XAU/USD Analysis
Title:
Technical analysis of the XAU/USD (Gold) pair on May 11th, 2012
Commentary of the XAU/USD (Gold) pair:
The pair XAU/USD made yesterday a pullback on 1600 points as resistance and is now going to test again the support at 1580 points.
The pair continues to move on the lower band of its medium term bearish channel (purple lines).
All indicators are bearish.
We maintain to trade only short positions as far as 1620 points is resistance.
The breakout of 1580 will both a new sell signal and open the way towards 1550 points.
In case of return above 1620 points, we will wait the breakout of 1640 to advise long positions.
See the previous analysis of the XAU/USD pair of May 10th, 2012
XAU/USD Analysis
Title:
Technical analysis of the XAU/USD (Gold) pair on May 10th, 2012
Commentary of the XAU/USD (Gold) pair:
The pair XAU/USD has validated yesterday the breakout of 1600 points, offering a new sell signal.
Then, the pair found support on 1580 points and also on the lower band of its medium term bearish channel (purple lines).
All indicators are bearish.
We maintain to trade only short positions as far as 1620 points is resistance.
The breakout of 1580 will both a new sell signal and open the way towards 1550 points.
In case of return above 1620 points, we will wait the breakout of 1640 to advise long positions.
See the previous analysis of the XAU/USD pair of May 9th, 2012
XAU/USD Analysis
Title:
Technical analysis of the XAU/USD (Gold) pair on May 9th, 2012
Commentary of the XAU/USD (Gold) pair:
The pair XAU/USD has suddenly validated the breakout of 1630 and 1620 points, offering new sell signals.
The pair is currently testing the support at 1600 points and also the lower band of its medium term bearish channel (purple lines).
All indicators are bearish.
We maintain to trade only short positions as far as 1630 points is resistance.
The breakout of 1600 and 1580 will both give a new sell signal and open the way towards 1550 points.
In case of return above 1630 points, we will wait the breakout of 1650 to advise long positions.
See the previous analysis of the XAU/USD pair of May 8th, 2012
XAU/USD Analysis
Title:
Political Disruptions Weigh on Risk Sentiment
USD is trading firmly against the majors (except the JPY) with the Dollar Index advancing to approach the pivotal 80.00 level. With little economic data due out today, the market's focus remains on political developments in Europe and the elevated uncertainty is seeing traders shift away from risky assets and into safe havens. US Treasury yields are lower with the 10-year yield currently around 1.84% and US equities are lower with the DJIA and S&P 500 currently down by -0.60% and -0.68% respectively. The dollar is strongest against the commodity currencies (AUD, NZD, CAD) amid growth concerns and significant technical declines in commodities. Gold (XAU/USD) is currently trading below a long term trendline support which began at the lows in Oct. 2008 and crude oil is currently below its 200- ...
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