Divergence and Indicator Analysis XAU/USD 8/7/14

FX:XAUUSD   Gold Spot / U.S. Dollar
In the upside movement towards 1333 (last max. point) divergences happened.

After it fell towards 1309 and then playing around 1319-1315 it showed that the indicators respected that and no divergences could be seen.

In this case the downside movement could get a sequel. Maybe towards 1289/85/80 as key resistance level .


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