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)

AUDCHF Forecast and Trade setup for the week 3rd March, 2014 (Bullish Bat nearing completion)

AUDCHF Forecast and Trade setup for the week 3rd March, 2014

Hourly Chart

We have Two Trades possibility

1) Short at the restest of broken support area which now should become Resistance - 

• Overlapping fib of 50% and 38.2%
• Strong area of Support and resistance history

2) Long at completion of Bat Pattern

• Overlapping 88.6% fib (completion of bat pattern) and Weekly Pivot S1
• 
  

Outlook Trade opportunity

Please see above

Tips -

Always take note of any economical news event on our provided calender below