Forex analytics: XAU/USD, H4
Let’s look at the four-hour chart. Tenkan-sen line is above Kijun-sen, they are both horizontal. Chinkou Span line is above the price chart; current Kumo-cloud is ascending. The pair is being corrected below Kijun-sen line once again. The blue line becomes a resistance level (1199.25). The closest support level is the upper border of the cloud (1176.88).
On the …