XAU/USD (a 4-hour chart)
The dollar strengthened amid strong Durable Goods Orders and Housing Price Index. The latested
In terms of technicals the bearish trend remained intact. Markets were calm ahead of the bunch of
The chart slightly changed from yesterday. The indicators MACD and RSI still recommend short positions.
A breakout of 1210 would aim us for 1200. A daily close above 1220 may generate fresh bullish signal for further advance towards 1230 dollars per ounce.