What happens next? Analysis XAU/USD 18/7/14
We are stuck in a neutral zone between 1305/1295 and 1330/1333.
A outburst of this neutral zone should give a sign for further movements.
2 Considerations for Bearish Argumentation:
1. MACD reacted to the double bearish divergence
2. Bearish engulfing pattern on weekly chart possible, if close belowe 1305
A outburst of this neutral zone should give a sign for further movements.
2 Considerations for Bearish Argumentation:
1. MACD reacted to the double bearish divergence
2. Bearish engulfing pattern on weekly chart possible, if close belowe 1305
