XAUUSD 4H (14.07.2014) European Session Tech Analysis Training

FX:XAUUSD   Gold Spot / U.S. Dollar
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As you can see today's decline stops on the top of KUMO @1320 and now the Gold is reacting for 4H diagram.

MACD & RSI are bearish . The critical level is the KUMO itself below 1314 and Kijun Sen (blue line above the KUMO) @ 1329.

If the pair break the KUMO and get below 1314 then a 1309 test & 1300 test is coming.
If the pair breach the Kijun Sen @1329 the position is long for 1331 again and 1344 then on long term resistance line.

The USDollar today has not breach the resistance line to prove its' bullishness.

Personally I think that Gold will retest Kijun Sen @ 1329. However MACD and RSI say sell.
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