This week we will see the EMA (50,100,200) and MACD,RSI for various diagrams.
The XAUUSD 4H technical analysis training diagram shows the following:
XAUUSD reacted from 1296 towards to EMA 200 last Friday after a great decline from resistance line to support line.
MACD is bearish. RSI is neutral.
Technically there is a mess here. The EMA 50 is above EMA 100 that is above EMA 200 (Bullish)
MACD is bearish clearly under the zero line and the pair XAUUSD made a great decline that crossed down the three EMAs (Bearish).
So on Monday if it declines under the EMA 200 short for the support line and then make your decision watching the support line and the pair.
If it breach the EMAs long and watch the behavior in accordance with the resistance line.
Good luck.
The XAUUSD 4H technical analysis training diagram shows the following:
XAUUSD reacted from 1296 towards to EMA 200 last Friday after a great decline from resistance line to support line.
MACD is bearish. RSI is neutral.
Technically there is a mess here. The EMA 50 is above EMA 100 that is above EMA 200 (Bullish)
MACD is bearish clearly under the zero line and the pair XAUUSD made a great decline that crossed down the three EMAs (Bearish).
So on Monday if it declines under the EMA 200 short for the support line and then make your decision watching the support line and the pair.
If it breach the EMAs long and watch the behavior in accordance with the resistance line.
Good luck.
