US Dollar 4H (22.07.2014) vs XAUUSD American Session Analysis
The US Dollar 4H Diagram Technical Analysis Training shows the following:
The USDollar follows a short term support line (green) last tree - four weeks. Gold on the opposite has the black resistance line. The USD support line is above the KUMO, which means that USD is bullish. Gold on its diagram (4h) has brake the Kijun Sen down under the KUMO (bearish).
USD MACD is bullish and RSI has reached 57 (bullish).
In European Session USD made a bullish engulfing and XAUUSD a bearish one (open prices to close).
There is no special pattern except that USD breach the top of an ascending triangle. The fib from 10363 to 10441 shows 1.618 of fib @ 10489.
Long USD short Gold. Stop loss for USD under the support line and for XAUUSD above the black resistance.
The USDollar follows a short term support line (green) last tree - four weeks. Gold on the opposite has the black resistance line. The USD support line is above the KUMO, which means that USD is bullish. Gold on its diagram (4h) has brake the Kijun Sen down under the KUMO (bearish).
USD MACD is bullish and RSI has reached 57 (bullish).
In European Session USD made a bullish engulfing and XAUUSD a bearish one (open prices to close).
There is no special pattern except that USD breach the top of an ascending triangle. The fib from 10363 to 10441 shows 1.618 of fib @ 10489.
Long USD short Gold. Stop loss for USD under the support line and for XAUUSD above the black resistance.
