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 ResistanceShould wait for price action to confirm
this also should be the same time the commodity currency turns (correlated)
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