XAUUSD Ichimoku Weekly & Daily Supports Part I Weekly 15.07.2014
The XAUUSD Weekly diagram Ichimoku cloud analysis show the following:
As MACD and RSI (weekly) are neutral we can see that XAUUSD has broken down the Kijun Sen into the KUMO in weekly term view.
Now it is standing exactly on the Tenkan Sen (light green line) that offer a first support @ 1292.85.
The next strong support is the bottom of the KUMO that is 1288,30 for this week.
Both lines are strong support as has proven on 24-31 of March 2014.
For a better closer view of this lets see the daily diagram in next post.
As MACD and RSI (weekly) are neutral we can see that XAUUSD has broken down the Kijun Sen into the KUMO in weekly term view.
Now it is standing exactly on the Tenkan Sen (light green line) that offer a first support @ 1292.85.
The next strong support is the bottom of the KUMO that is 1288,30 for this week.
Both lines are strong support as has proven on 24-31 of March 2014.
For a better closer view of this lets see the daily diagram in next post.
