d.vezeris
Long

XAUUSD (15m) tech analysis 17.06.2014

FX:XAUUSD   Gold Spot / U.S. Dollar
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Yesterday I made the mistake not to wait and see if the invert SHS pattern would completed its movement.
Today the XAUUSD pair failed to break 1258 and reacts over the KUMO (15m Chart). MACD has divergence and the SPAN A get over SPAN B of KUMO (weak bull sign).

The resistance here is when the Chikoun Span (purple line) arrives at the KUMO (green line) @1272.

If you see the 1H chart you will realize that the resistance is KUMO itself.

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