XAUUSD 1D Cypher Pattern Corrective Structure

5 feb 2016

Since March 18 2014, XAUUSD is experiencing a down trend corrective structure, and still in this trend.
Since May 05 2015, XAUUSD is going to complete a Cypher Pattern.
Coincidentally, the end of Cypher Pattern and the upper of the Corrective Structure are both around 1190.

Now the price is around 1155 (50% level of Fibonacci, XA)
Buy at 1170 ((61.8% level of Fibonacci, XA))
TP: 1190 (76.4% level of Fibonacci, XA)
SL: 1150

7 feb 2016

Trade attivo

Although US Dollar Index deceased, XAUUSD has increased for around $20.

8 feb 2016

Nota

Correction the last comment.:
Although US Dollar Index increased on last Friday (5th Feb), XAUUSD still grew for around $20.
XAUUSD has kept a bull trend, and moved a step to complete the Cypher Pattern.

8 feb 2016

Trade chiuso: obiettivo raggiunto