Setup for bullish cypher
Since the previous release of FOMC and good NFP report, it seems that gold could be, again, under pressure like it was in 2015.
So, until the FED's decision of interest rates (in december), and if economic data are pointing some recovering, prices should go lower.
I will activate this trade idea if price breaks the mid-term TL (see chart)
Cypher pattern with D point in $ 1090/1095 area.
So, until the FED's decision of interest rates (in december), and if economic data are pointing some recovering, prices should go lower.
I will activate this trade idea if price breaks the mid-term TL (see chart)
Cypher pattern with D point in $ 1090/1095 area.
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