Akil_Stokes

GOLD: Potential Bullish Cypher (Sorry forgot to hit long)

FX:XAUUSD   Gold Spot / U.S. Dollar
Here's something one of our traders found yesterday in the live trading room. It's a potential bullish Cypher formation on Gold. If you continue to scroll the chart left you'll see that the completion and retracement level as a whole comes at a pretty decent level of previous structure support & resistance as well. (Wish i had a cool name for this but I call it a "Polar Flip" If you have any suggestions let me know)

I don't personally trade gold, but I am a longer term investor in this hard asset metal so I would also welcome a bullish move.

FUNDAMENTALS

We had a great ADP number yesterday which is typically a precursor to tomorrow's Jobs number. The March interest rate hike has already been priced into the markets, but some great numbers could leave clues about the next hike.

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