Tue, 09 Sep 2014 07:39:08 GMT
XAU/USD 4H Chart: Falling Wedge
Since the middle of August, XAU/USD has been tilted downwards and the tendency is likely to preserve in the upcoming trading sessions given that the instrument is trapped by the limits of a bearish formation—falling wedge. Currently the pair is trading around the down-trend's support and weekly S1 at 1,253.14. However, in the foreseeable future, the yellow metal may face