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XAUUSD 1D (13 OCT 2015) TECHNICAL ANALYSIS TRAINING

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Published in XAUUSD
Tuesday, 13 October 2015 00:00

XAUUSD 1D Diagram Technical Analysis shows the following:

 

The XAUUSD seems to follow an ascending triangle pattern. Today it declines below the resistance line of this triangle. The candlestick until now is engulfing the previous one.

 

The cloud is a strong resistance for farther decline. On the upside it has to break the triangle.

 

Short for the cloud @1125 / SL 1165.

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Dimitrios Vezeris

MSc Electrical & Computer Engineer | COSMOS4U

Tel: +30 2541021919 |d.vezeris@COSMOS4U.net

Lefkippou 6 | 67131 Xanthi | Hellas | Europe

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