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Recommendations pair XAU / USD - August 22, 2012



The expected direction: Rise
Methods used: Aichemuko, technical analysis
Description: A pair of gold against the U.S. dollar broke through above the strong resistance level and today still resides above the level of 1635. Graphs show that the pair is strong enough to test the line upward pattern of giant shape of a triangle.

Process: a long position
Objective: 1654
Stop Loss: 1632