XAUUSD Weekly (22/2014) Chart Technical Analysis

FX:XAUUSD   Gold Spot / U.S. Dollar
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The XAUUSD             weekly chart shows the following signs:

Last week the pair retreat below the Kijun Sen and under the KUMO cloud. This is a very bearish sign and a sell signal without doubts. Technically RSI and MACD both say "sell". As you can see in the diagram EMA 200 is a strong resistance line (twice) and the KUMO make a twist with SPAN B cross down the SPAN A.

I expect the pair to reach soon at it's first target at 1221 as I had mensioned in last daily analysis (see linked related ideas below).
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