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  4. XAU/USD Signal- December 18, 2012
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XAU/USD Signal- December 18, 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: Flat
Method: Ichimoku, Technical Analysis
Description: XAU/USD formed a hammer after bouncing off of the bottom line of a triangle. I believe the 1694 level will remain as a strong support during this week. 30M and 1H charts are turning bullish as well.
Recommendation: Long
Target Area: 1693.50
Stop-Loss: 1711

XAUUSD Signal 121812

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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