Mon, 30 Jun 2014 06:59:31 GMT
XAU/USD 1H Chart: Channel Up
The summer brought notable changes to gold's trend; in particular, the most traded precious metal managed to swing to gains early June after it touched a four-month low of 1,240.70. Shortly after the advance has started, the bullion entered a bullish corridor that now is almost 200-bar long.
Currently, XAU/USD is on the brink of a sharp decline that will