Monday, March 3, 2014

XAUUSD (GOLD) Forecast and Trade Setup - 3rd March, 2014

XAUUSD (GOLD) Forecast and Trade Setup - 3rd March, 2014


Daily Chart



  • As gold pushes higher, Stochastic are diverging
  • Reaching resistance (yellow box)
  • Bearish Cypher completes above the resistance - if so it might be false break if pattern is to work

Outlook Trade opportunity

Short at Bearish Cypher or Resistance
Should wait for price action to confirm

 this also should be the same time the commodity currency turns (correlated)





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