Trade Alert for – Symbol XAU/USD Description GOLD
Gold
Gold found support at $1200; reversal above resistance at $1220 would indicate an advance to $1380. Breakout above $1260 would confirm, while retreat below the rising trendline would warn of another test of primary support at $1060. Momentum respect of the zero line (from above) would indicate continuation of the primary up-trend.
Trade Alert for Gold Monday Jul 19, 2010.
On Jul-07-2010 a candlestick formation confirmed a buy signal. 4xGenie Action: Maintain long position. Stop at 1184.80. Wave 5 could rise up to 1364.78 or to 1433.17. NOTE: The width of the Bollinger Bands has started to narrow which indicates that prices are beginning to consolidate.
Next Day Trading Ranges for Monday Jul 19, 2010.
