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Sep 17
XAU/USD(Gold) Analysis - June 20, 2011: Testing Level 1547.80
Monday, 20 June 2011 05:13

Yesterday: Open 1529.80 High 1532.40 Low 1521.40 Close 1528.40

To touch the daily lowest level in 1532.40 yesterday, Golden movement began bullish about 2000 pips from daily lows at 1521.40.

Currently Gold still looks bullish movement.

The focus of today's economic data for XAU / USD EUR ECOFIN Meetings "All Day".

20110620_xau

If still experiencing rising trend line continues through the diagonal then the price will open up opportunities to a level of 1547.80.

We recommend that if the price decline continues then the opportunity to as low as 1526.10.

Prices on the graph H1 stripes seen in the MA05 and MA10 bullish conditions.

While the Stochastic indicator indicating the bullish conditions.