Tue, 20 Nov 2012 19:55:55 GMT
XAU/USD to move higher
The interim uptrend, which started a couple of days ago, has successfully managed to continue, as today the XAU/USD exchange rate experienced another consequent movement upwards. As for now, the price is slowly approaching the weekly R1 at 1732, which might bring some bearish momentum, however, if it is breached, then the exchange rate will probably reach the 55-day SMA