Wed, 11 Mar 2015 08:50:04 GMT
XAU/USD 4H Chart: Channel Down
The bullion stopped appreciating in the second half of January, and since then the metal has formed a well-defined bearish channel. The outlook is therefore gold-negative, with the 2014 low at 1,132 potentially becoming the next victim after 1,200. However, in the short run there is a high probability of a rally as a part of an upward correction, being