Long
XPDUSD 4H (17.08.2014) Technical Analysis Training EMA
This week we will see the EMA (50,100,200) and MACD,RSI for various diagrams.
The XPDUSD 4H technical analysis training diagram shows the following:
XAUUSD reacted from 872.5 (1 of fib) and the EMA 50 last Friday. MACD and RSI are both bullish.
There is a startup of a bull market here. EMA 50 & 100 has crossed the EMA 200 upwards.
The next target is 1.618 of fib (all the correction to 0.5 & 0.382 has been done) at 909.1. Long for it since the 872.5 pull back has been done.
The XPDUSD 4H technical analysis training diagram shows the following:
XAUUSD reacted from 872.5 (1 of fib) and the EMA 50 last Friday. MACD and RSI are both bullish.
There is a startup of a bull market here. EMA 50 & 100 has crossed the EMA 200 upwards.
The next target is 1.618 of fib (all the correction to 0.5 & 0.382 has been done) at 909.1. Long for it since the 872.5 pull back has been done.
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