07 April 2010

Gold : Buy Break of 1145

  • Whilst XAU/EUR has gone to make new historical highs, XAU/USD has been struggling mostly because of recent USD strength.
  • Chart however, beginning to look interesting. Consolidation since hitting 1226 high looks like quite long in the tooth. A near term breakout cannot be ruled out and it's time to be vigilant.
  • Stop order to buy-in on break of 1145 placed.

1 comment:

Taichiseal said...

Buy stop-in for GCM0 filled at 1145.6.