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Analysis Of The Xau/usd Gold

Title: Technical analysis of the XAU/USD (Gold) pair on May 22th, 2012
Commentary of the XAU/USD (Gold) pair: The gold found resistance yesterday on 1600 points. The pair is in the middle of its bearish channel (purple lines). Indicators are globaly bullish. We are neutral between 1580 and 1600 points. We advise to wait an exit of this range to take position: - Long above 1600 points. The breakout of 1620 points will give a new buy signal and open the way towards 1650 points. - Short below 1580 points. The breakout of 1560 points will give a new sell signal and open the way towards 1540 points. See the previous analysis of the XAU/USD pair of May 21th, 2012 XAU/USD Analysis

Title: Technical analysis of the XAU/USD (Gold) pair on May 21th, 2012
Commentary of the XAU/USD (Gold) pair: The pair XAU/USD is currently testing the resistance at 1600 points. The pair is still moving into its bearish channel (purple lines). Indicators are getting globaly bullish. We are neutral between 1580 and 1600 points. We advise to wait an exit of this range to take position: - Long above 1600 points. The breakout of 1620 points will give a new buy signal and open the way towards 1650 points. - Short below 1580 points. The breakout of 1560 points will give a new sell signal and open the way towards 1540 points. See the previous analysis of the XAU/USD pair of May 18th, 2012 XAU/USD Analysis

Title: 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



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