What happens next? Analysis XAU/USD 18/7/14

FX:XAUUSD   Gold Spot / U.S. Dollar
497 0 2
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
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