Since March 18 2014
XAUUSD
is experiencing a down trend corrective structure. It completed a Cypher Pattern lately. Although it had a little breakout on 8 Feb and 9 Feb, it went back as well.
Coincidentally, the end of Cypher Pattern and the upper of the Corrective Structure are both around 1190.
XAUUSD could breakout again to up trend or go back to down trend.
As the method of Cypher Pattern, it should decrease.
S1: 1170
S2: 1151
R1: 1215
R2: 1232
XAUUSD
is experiencing a down trend corrective structure. It completed a Cypher Pattern lately. Although it had a little breakout on 8 Feb and 9 Feb, it went back as well. Coincidentally, the end of Cypher Pattern and the upper of the Corrective Structure are both around 1190.
XAUUSD could breakout again to up trend or go back to down trend.
As the method of Cypher Pattern, it should decrease.
S1: 1170
S2: 1151
R1: 1215
R2: 1232
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