XAUUSD, in 4h Tech Analysis Training Diagram look like this:
The XAUUSD pair has found support on EMA 200 and Kijun Sen for the last 9 (4h) closes. The pair consolidated above the KUMO (and Kijun Sen too) and until now it seems to move into an uptrend channel.
MACD is bearish and RSI is neutral.
There is no special candlestick pattern nor a general pattern either.
The 1235.49 is the 0.618 of fib and is a support for now. Next target is 0.5 of fib at 1251.19.
The thoughts are positive above 1235 for 1251 first and 1266 then. Stop loss if it stabilizes under 1235 - 1225.
The XAUUSD pair has found support on EMA 200 and Kijun Sen for the last 9 (4h) closes. The pair consolidated above the KUMO (and Kijun Sen too) and until now it seems to move into an uptrend channel.
MACD is bearish and RSI is neutral.
There is no special candlestick pattern nor a general pattern either.
The 1235.49 is the 0.618 of fib and is a support for now. Next target is 0.5 of fib at 1251.19.
The thoughts are positive above 1235 for 1251 first and 1266 then. Stop loss if it stabilizes under 1235 - 1225.
