5/12/14 XAU/USD remains resisted at 1208 as the market awaits the U.S non-farm payrolls.


XAUUSD, XAU/USD, Gold, Gold bullion, commodity, commodities, precious metals, metals, gold price, gold price forecast, gold price outlook, XAUUSD analysis, XAUUSD technical analysis, XAUUSD outlook, XAUUSD price, XAU/USD analysis, XAU/USD forecast, XAU/USD outlook, XAU/USD price, XAU/USD technical analysis, XAU/USD analysis, XAUUSD forecast Gold prices continue to retest the 1215 resistance range with a slight lower high on the daily charts this week, while trading below the 80 moving average on the daily charts signals a general bearish trend, the higher lows cannot be unseen.

XAUUSD, XAU/USD, Gold, Gold bullion, commodity, commodities, precious metals, metals, gold price, gold price forecast, gold price outlook, XAUUSD analysis, XAUUSD technical analysis, XAUUSD outlook, XAUUSD price, XAU/USD analysis, XAU/USD forecast, XAU/USD outlook, XAU/USD price, XAU/USD technical analysis, XAU/USD analysis, XAUUSD forecast The Asset Purchase program by the ECB is likely to not involve gold, resulting in the lack of buying activity yesterday as Gold prices remain below 1208 , the 61.8% of the Fibonacci retracment level.

XAUUSD, XAU/USD, Gold, Gold bullion, commodity, commodities, precious metals, metals, gold price, gold price forecast, gold price outlook, XAUUSD analysis, XAUUSD technical analysis, XAUUSD outlook, XAUUSD price, XAU/USD analysis, XAU/USD forecast, XAU/USD outlook, XAU/USD price, XAU/USD technical analysis, XAU/USD analysis, XAUUSD forecast Remaining slightly bullish as seen on the MACD, the 55EMA in blue looks to dip lower as the candlesticks look to break through, with 1200, 1193 the next support levels.

Trend Direction
S3
S2
S1
R1
R2
R3
Entry
Stop Loss
Exit
 Slight bearish 1180  1193 1200 1208  1215 1228

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