Wed, 03 Oct 2012 18:42:44 GMT
XAU/USD confronts upper Bollinger band at 1790
Today the XAU/USD exchange rate experienced another bullish advance, and at the particular moment the price confronts the upper Bollinger band at 1790, which is very likely to stop the prevailing movement upwards. In case it fails to slow down the uptrend, then the exchange rate might reach the monthly R1 at 1806, which in turn might bring some bearish