GOLD H1 10.03.2012
Price entered a new day under the triangle. That is why, most likely during the day flat movement will remain. But we can see that the prie enters into triangel and then the price breaks through the CB side of the triangle, bearish movement will start. If the price returns to the triangle, then we should expect the break of the opposite side of the triangle after that bullish movement begins. Target of the bullish movement: 1761.11. Target of the bearish movement: 1711.44.
CHART
Price entered a new day under the triangle. That is why, most likely during the day flat movement will remain. But we can see that the prie enters into triangel and then the price breaks through the CB side of the triangle, bearish movement will start. If the price returns to the triangle, then we should expect the break of the opposite side of the triangle after that bullish movement begins. Target of the bullish movement: 1761.11. Target of the bearish movement: 1711.44.
CHART