Forex analytics: XAU/USD, H4
Let’s look at the four-hour chart. Tenkan-sen line is below Kijun-sen, both lines are almost horizontal. Chinkou Span line is below the price chart; current Kumo-cloud is descending. After an abrupt fall the pair has been corrected above Tenkan-sen (1193.03) line, which became a support level. Kijun-sen line will be a resistance level at 1205.29.
On the daily …