XAU Chart Analysis
The Philadelphia gold and silver index is still consolidating within a 50 points range (160 - 210). The 200 and 50 daily moving averages closing on each other, both downtrend and uptrend lines still valid.
Important cyclical lows : August 2007 , December 2007 and May 2008.
Important cyclical highs: March 2008, May 2008.
XAU index logarithmic daily chart