Above is the weekly chart of gold (XAU). It has reached a strong resistant at this moment, but it looks like it would be breaking out very soon given that it has recently broken out a little rectangle and the MACD looks not too bad.
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.
Thursday, August 23, 2012
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