Above is daily chart of Gold (XAU=). It has just reached the lower bound of the current flag, and it will probably surge and test the resistant again. Given the movement of MACD, it looks like it is going to break out upwards from the current flag.
Free technical analysis on Hong Kong stock market, world stock markets, foreign exchange market, commodities market, as well as some important notes for being a successful trader.
Wednesday, July 11, 2012
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