XAUUSD 4H (14.07.2014) European Session Tech Analysis Training

FX:XAUUSD   Gold/U.S. Dollar
211 0 2
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.
Ideas Scripts Chart
United States
United Kingdom
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out