Incresingly buyers are coming since wednesday...

FX:XAUUSD   Gold Spot / U.S. Dollar
Bear without comment from the 1339$ at 07.13.2014 we are up once of the mm50.After the ema30 has allowed vendors very good entries, demonstrating the strong presence since beginning of trend.
For some days we are seeing an increased presence of buyers causing sorties over the ema fences without closing after, a kind of rounding bottom or double bottom formation in uncommitted takes shape, accompanied by RSI divergence and stochastics beautiful clarity. Today, no close beyond the ema50 has find room and while this will not be the case, sellers keeps hand.
In crossing the neutral zone, a long entry to play the reversal in H4 will be set out (until ema30/50 D1, 1240$) to the target 1240.Only if prices are stable any excess will be a prohibitive entry
An entry on ema50 / 50RSI in H4 can be done only after analyzing the response from D1 ema30/50 !!
In H4 pronounced trend, the esponential moving averag 30 and 50/45RSI (rsi21 periods)


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