Fri, 06 Sep 2013 14:05:23 GMT
XAU/USD 4H Chart: Channel Up
After touching 1181 on June 28, gold has started to recover against the U.S. Dollar. Currently, the pair is trading at 1383 and it seems that bears will be able to push the pair closer to the support line. Even though market sentiment is slightly bullish (66%), strong demand for USD and aggregate technical indicators on 4H chart are pointing