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Jul 30
XAU/USD(Gold) Analysis - June 9, 2011: Testing Level 1553.20
Thursday, 09 June 2011 05:07

Yesterday: Open 1543.80 High 1546.30 Low 1530.60 Close 1536.70

Gold tends to the bearish movement yesterday to reach the level of support at 1530.70.

Currently Gold still looks bullish tend Sideways.

There is no focus on economic data today for XAU / USD. 

20110609_xau

If still experiencing continued increases then the price will open up opportunities to a level of 1553.20.

We recommend that if the price decline continues then the opportunity to as low as 1530.70 and 1523.80.

Prices shown on the graph H1 line MA05 and MA10 in Sideways condition tends to bullish.

While the Stochastic indicator indicates there are still opportunities for not falling into the bullish trend line diagonally on the Stochastic indicator.