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  4. XAU/USD Signal- August 16, 2012
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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
About Alp Kocak
Alp Kocak has been trading Forex since 2003. He writes technical analysis based on Japanese candlesticks and Ichimoku Kinko Hyo.

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