Koryphaeen
Long

XAUUSD bullish Cypher pattern

FX:XAUUSD   Gold / U.S. Dollar
282 3 7
A nice bullish Cypher is forming on the Gold             . ROE on the chart.
Aussie gold stocks opened down only minimally and seem to be largely ignoring this overnight fall. This seems to indicate underlying bullishness in the smart money. Leading Aussie miner Newcrest hit the bottom of yesterday's trading range then recovered.
+1 Reply
Agree to that. In addition there is bullish divergence in most indicators as well.
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This advanced pattern trade was a great success, target 2 was instantly hit today after NFP... a 3000 pips trade that ended.
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