Forex ; GOLD/USD Technical Analysis Forecast/08.01.2013 by MBCFX
GOLD/USD
pair continues to move within 30 pips trading range, the prices have formed on
the daily chart a continuation pattern known as a flag, a break and close above
1.3040 will open the way to 1372—1380 levels. Below 1296-levels the outlook
reverses to bearish. However, due to today ECB and BoE policy meetings
and Friday U.S jobs report, the market can move in any directions, so we advise
our traders to be more cautious and use tight stop losses.
