XAUUSD 4H (14.07.2014) European Session Tech Analysis Training
As you can see today's decline stops on the top of KUMO @1320 and now the Gold is reacting for 4H diagram.
MACD & RSI are bearish. The critical level is the KUMO itself below 1314 and Kijun Sen (blue line above the KUMO) @ 1329.
If the pair break the KUMO and get below 1314 then a 1309 test & 1300 test is coming.
If the pair breach the Kijun Sen @1329 the position is long for 1331 again and 1344 then on long term resistance line.
The USDollar today has not breach the resistance line to prove its' bullishness.
Personally I think that Gold will retest Kijun Sen @ 1329. However MACD and RSI say sell.
MACD & RSI are bearish. The critical level is the KUMO itself below 1314 and Kijun Sen (blue line above the KUMO) @ 1329.
If the pair break the KUMO and get below 1314 then a 1309 test & 1300 test is coming.
If the pair breach the Kijun Sen @1329 the position is long for 1331 again and 1344 then on long term resistance line.
The USDollar today has not breach the resistance line to prove its' bullishness.
Personally I think that Gold will retest Kijun Sen @ 1329. However MACD and RSI say sell.
