d.vezeris

XAUUSD 4H TECH ANALYSIS (15.JULY.2015) TRAINING

FX:XAUUSD   Gold/U.S. Dollar
323 0 6
XAUUSD             , in 4h Tech Analysis Training Diagram look like this:

The XAUUSD             pair has found support on 1147 many times in the past until now. Last consolidations are under the KUMO and some SMAs but has not make a break under 1147 long term support until now . On the other head it follows the red line resistance from 18 of June 2015.

MACD has a little side of a divergence but we have a descending triangle .

My opinion on this diagram is to stay aside and keep your money.

I watch the behavior of the XAUUSD             only below 1147 for sort positions and above KUMO & MA(100)@1168 for long positions.
If it brakes the red resistance line for 1-2 days it will maybe change its downtrend to uptrend.
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