Forex analytics: XAU/USD, H4
Let’s look at the four-hour chart. Tenkan-sen line is below Kijun-sen, they are both horizontal. Chinkou Span line is below the price chart; current Kumo-cloud is descending. Despite the correction the pair is still moving towards the level of 1189.80). The closest resistance level is Tenkan-sen line (1200.42).
On the daily chart Tenkan-sen line is also below …