Xau This Week

Wait 5 sec.

Xau This WeekGold US DollarVANTAGE:XAUUSDIfeOlaI would be looking for a buy on Xau this week. Xau has closed at 4052, I think Xau would continue to sell to lower highs to prepare a buy between 4022 to 3972 areas. Xau seems to still be on a downward trend generally, still looking to get to 3500 to 2500 areas. If Xau breaks below 3072 I would hold on for candles closing before taking buys to higher areas around 4082 and 4124/32 areas. As the week progresses if Xau breaks above 4140-4184 areas I would take quick sell positions to prepare for the sales for the next week. This is my opinion on Xau for this week, what do you think?