Divergence and Indicator Analysis XAU/USD 8/7/14
In the upside movement towards 1333 (last max. point) divergences happened.
After it fell towards 1309 and then playing around 1319-1315 it showed that the indicators respected that and no divergences could be seen.
In this case the downside movement could get a sequel. Maybe towards 1289/85/80 as key resistance level.
After it fell towards 1309 and then playing around 1319-1315 it showed that the indicators respected that and no divergences could be seen.
In this case the downside movement could get a sequel. Maybe towards 1289/85/80 as key resistance level.
