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XAUUSD 1H (28.JULY.2015) TECHNICAL ANALYSIS TRAINING

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Published in XAUUSD
Monday, 27 July 2015 00:00

XAUUSD 1H Diagram Technical Analysis shows the following:

 

The XAUUSD 1H is trying to solve a possible bottom pattern that seems to be an inverted Head & Shoulder opposite the US Dollar.
The 1095.8 level is very strong support & resistance too. On this level there are SMA(30), Kijun Sen and previous prices of the XAUUSD.

 

It is almost the reverse pattern of the US Dollar Index (see analysis in related ideas).

 

The pair is above the KUMO (1H)

 

I think of a reaction to previous level of decline @ 1132.

 

SL < 1086.50

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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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COSMOS4U is a financial research & software development company for scientific and financial markets applications, indicators & auto trading software robots. AdMACD automated trading system for Metatrader has been developed recently. The site www.COSMOS4U.net provides technical analysis signals of stock markets based on AdMACD indicator and on actual data of real-world markets.

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