Gold XAUUSD Inside the 4 hour cloud & testing the 1 day cloud

14 giu 2015

A few attempts to exit the 4 hour cloud were denied as can be seen with the long wicks on the candles in the 4 hour cloud. In the one day the price is under the cloud and the 26 period lag is under the price. Another attempt to breakout of the 4 hour cloud / attempt to enter the 1 day cloud is likely (pullback) and then more down to test the support area around 1180-1170. Trade at your own risk this is not trade advice.