XAUUSD 4H Tech Analysis (09.08.2014) Training
Gold, in 4H Tech Analysis Training Diagram look like this:
The XAUUSD pair made a local top on Friday Asian Session. Then it declined under the new resistance line and stabilizes @ 1310.
MACD will be marginally bearish on Monday and RSI is near 58.
There is no special candlestick pattern nor a general pattern either.
Support levels at EMA 200 - Kijun Sen @1302.34 first and at the top of KUMO @ 1296 secondly.
On the other hand the pair is above KUMO so the general image is bullish and the Daily MACD too.
I prefer to stay aside for more signs from the indicators on Monday.
The XAUUSD pair made a local top on Friday Asian Session. Then it declined under the new resistance line and stabilizes @ 1310.
MACD will be marginally bearish on Monday and RSI is near 58.
There is no special candlestick pattern nor a general pattern either.
Support levels at EMA 200 - Kijun Sen @1302.34 first and at the top of KUMO @ 1296 secondly.
On the other hand the pair is above KUMO so the general image is bullish and the Daily MACD too.
I prefer to stay aside for more signs from the indicators on Monday.
