XAUUSD Daily (08.07.2014) Technical Analysis training
The XAUUSD Daily Diagram Technical Analysis Training shows the following:
The XAUUSD pair has made consolidations around the 1315 for a few days. There are two resistance lines there. The weekly diagram is neutral.
As you can see the only support there is the EMA 200. After the 3% long development of XAUUSD last week the pair is far above the KUMO without any support except the Tenkan Sen. The only long sigh there is that SPAN A is above SPAN B.
We have no special candlestick pattern. There is no special general pattern except the multiple bottoms but no higher highs. MACD gives a sell sign.
I think that anyone must stay aside. Long above the first red resistance line, short below the EMA 200.
The XAUUSD pair has made consolidations around the 1315 for a few days. There are two resistance lines there. The weekly diagram is neutral.
As you can see the only support there is the EMA 200. After the 3% long development of XAUUSD last week the pair is far above the KUMO without any support except the Tenkan Sen. The only long sigh there is that SPAN A is above SPAN B.
We have no special candlestick pattern. There is no special general pattern except the multiple bottoms but no higher highs. MACD gives a sell sign.
I think that anyone must stay aside. Long above the first red resistance line, short below the EMA 200.
