Triple Top Analysis 3/7/14

FX:XAUUSD   Gold Spot / U.S. Dollar
218 5
The 1330 area is holding very well. It built a good ceiling and on 2H view it structured a Triple Top Pattern which should indicate a reversal.

Lets wait for the Payrolls and Draghi speach today.
I've got a long position on (foolishly perhaps). But i like your analysis. Let's hope it's a small correction before another move up. Seems to wick up and down all over the place before a move so hopefully it wicks to 1349/1400 to get me out before it plummets :)
I think a retest of 1306 is likely for a valid correction.

Usdtry please
Reply gasharet
Im not informed enought about forex...
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