Gold (^XAUUSD) Analysis 24-10-2012

Analysis of XAU/USD , for 24-10-2012 By Taqi Niaxee

Our Preference: LONG positions above 1713 with 1731 & 1747 as next targets.
Alternative scenario: The downside penetration of 1710 will call for a slide towards 1703 & 1698.
Comment: the RSI is mixed with a bullish bias.

According to my personal experience the GOLD still have minor bull position against the USD. 

Overall Average: 24% Sell