XAUUSD Analysis 04/12/14

FX:XAUUSD   Gold Spot / U.S. Dollar
333 0 4
Long term trend: Up
Medium term trend: Down
Significant Levels: 1251 (Horizontal Resistance), 1187 (Horizontal Support), Downtrend Line

As previously discussed, the 1137 area is a very solid level on which the market will have a hard time to break it and recently, the price showed a strong rejection of this level and had gone up since then. We cannot say that this market is now back to its long term trend, which is up. We need more confirmation that the market is in an uptrend now before we will consider going Long.

We will not trade this market for now until a clear price action formed on the significant levels and signifies clearly where the market will go.

Trade well.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out