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Sep 2
XAU/USD(Gold) Analysis – June 30, 2011: the opportunity to as low as 1512.50 when it remained in the Top Trendline
Thursday, 30 June 2011 06:19

Yesterday: Open High Low 1501.20 1512.70 1499.90 Close 1510.90

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


Yesterday Gold movements revolve around 1200 pips still within the average range with the highest level in the daily 1512.70 and the lowest level in daily 1499.90.  

Current Gold looks likely to bearish.

If you still experience the Ascension continues to remain above the trend line diagonal then prices will open up opportunities to level 1525.50.

We recommend that when prices plunged continues then open up the opportunity to level 1497.00.



Prices on the H1 chart visible line of the MA10 and MA05 bullish.

While the Indicator Stochastic indicating a bearish conditions.