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XAUUSD 4h Tech Analysis (30.08.2014) Training

FX:XAUUSD   Gold/U.S. Dollar
218 0 0
XAUUSD             , in 4h Tech Analysis Training Diagram look like this:

The XAUUSD             pair made a local top at 1292 as it found resistance from the top of KUMO. Then it declined towards to Kijun Sen and found a little support there. The pair is into the KUMO so the thinks are cloudly.

MACD will be marginally bearish on Monday and RSI is near 50.

There is no special candlestick pattern nor a general pattern either.

If the pair breaches the Tenkan Sen long for Top of KUMO and rethink your strategy there . If the pair declines under the KUMO sort for previous low (1274).
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