XAUUSD Daily Tech Analysis (08.08.2014) Training
Gold, in Daily Tech Analysis Training with Ichimoku & Fibonacci projections look like this:
The XAUUSD pair reacted from KUMO support. The pair breached Tenkan Sen on Wednesday. Today it tries to Breaches Kijun Sen too.
MACD turn bullish and RSI too.
Fib projection from 1242 to 1314 has the 0.764 (1314) as a resistance next level, exactly where EMA 200 now supports.
I am a little cautious for a long view because of the long term resistance line and the Chikoun Span resistance.
If Gold breaches (on Monday) the resistance line and stabilizes above it, then long for 1337 - 1395 and more, but if it declines from the resistance red line a little more consolidation into the long term triangle are possible.
Be cautious.
The XAUUSD pair reacted from KUMO support. The pair breached Tenkan Sen on Wednesday. Today it tries to Breaches Kijun Sen too.
MACD turn bullish and RSI too.
Fib projection from 1242 to 1314 has the 0.764 (1314) as a resistance next level, exactly where EMA 200 now supports.
I am a little cautious for a long view because of the long term resistance line and the Chikoun Span resistance.
If Gold breaches (on Monday) the resistance line and stabilizes above it, then long for 1337 - 1395 and more, but if it declines from the resistance red line a little more consolidation into the long term triangle are possible.
Be cautious.
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.