Gold H1 chart, What is going on with gold on behalf of Indicator points vs human points?

5 July 2015, 00:23
Yaser Sabbaghi
1
320

humans are caught his feelings. They predict or forecast the market as they wish or they do as they hop the market to be.

But the intelligent one indicators that control the weakness in over-sold and over-bought areas are the tools to help humans to make better decision.

You can see in the chart that the Intelligent-CCI has left over-sold area and the XAU/USD elevated 30 pips but this was not Long signal with indicator point. 

From the opinion of technical analysts, 1162 was the major support that is not broken yet (H4 Chart) and in case of happening the next target would be 1148~1142.

In point of view of Indicator, the main trend is Sell yet so you had better to choose the safe way and wait to have the next short signal on top.


Chart XAUUSD, H1, 2015.07.04 21:49 UTC, FX Central Clearing Ltd., MetaTrader 4, Demo
Share it with friends: