Fri, 19 Oct 2012 15:03:28 GMT
XAU/USD remains bearish
Today the XAU/USD exchange rate experienced a slight bearish reaction, therefore supporting the interim bearish tendency, which started more than a week ago. As for now, the price confronts the 55-day SMA at 1728, which might bring some bullish impulse. In case it is breached, then the exchange rate is very likely to reach the lower Bollinger band at 1720,