XAU/USD Signal- August 16, 2012

Alp Kocak

Currency: XAU/USD
Trend Expected Direction: Up
Method: Ichimoku, Technical Analysis
Description: 1600 level is attracting buyers and pushing XAU/USD higher. 30M chart turned bullish while the daily chart is pointing higher prices to come. Yesterday’s hammer is supporting the price movement as well.
Recommendation: Long
Target Area: 1612
Stop-Loss: 1600

XAUUSD SIGNAL 81612

Alp Kocak
Alp Kocak has been trading Forex since 2003. He writes technical analysis based on Japanese candlesticks and Ichimoku Kinko Hyo.

Did you like what you read? Let us know what you think!

exclamation mark

Please make sure your comments are appropriate and that they do not promote services or products, political parties, campaign material or ballot propositions. Comments that contain abusive, vulgar, offensive, threatening or harassing language, or personal attacks of any kind will be deleted. Comments including inappropriate will also be removed.

0 User comments

exclamation mark

Please make sure your comments are appropriate and that they do not promote services or products, political parties, campaign material or ballot propositions. Comments that contain abusive, vulgar, offensive, threatening or harassing language, or personal attacks of any kind will be deleted. Comments including inappropriate will also be removed.

Read more
Add new comment
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.