Wed, 26 Sep 2012 19:20:27 GMT
XAU/USD remains bearish
The bearish tendency, which started a couple of days ago, successfully managed to continue, as today the XAU/USD exchange rate experienced another significant bearish reaction. As for now, the price confronts the 20-day SMA at 1747, which might bring some bullish impulse, however, if it fails to slow down the movement downwards, then next support at 1734 (weekly S2) will