legendbr

Gold 20/08/2013

FX:XAUUSD   Gold/U.S. Dollar
128 1 1
Legendbrokers.com
am using a different oscillator and it is still in OB mode... i wouldn't pay too much attention to the Stoch RSI 14p. that being said, the move you indicate could in fact turn into a butterfly SELL. BUT for that to happen the MPR1 at 786 needs to be broken conclusively, and that happens to be a 78.6% fib retrace as well. also, if the MPR1 holds as RSST, and market heads back down, then we'll have the AB and BC legs completed of a bearish AB=CD structure. conclusion: all hinges on the MPR1 pivot at 786.
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