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  4. XAU/USD Signal - August 22, 2012
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XAU/USD Signal - August 22, 2012

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

Currency: XAU/USD
Trend Expected Direction: Up
Method: Ichimoku, Technical Analysis
Description: XAU/USD broke above a strong resistance level and today it is still holding above 1635. Charts show that the pair is strong enough to test the ascending line of a giant triangle formation.
Recommendation: Long
Target Area: 1654
Stop-Loss: 1632

XAU/USD trading signal chart

Alp Kocak
By 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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