FORECAST BY MARIUS GHISEA- GOLD (March 7-11)

According to the daily chart, if the price of Gold reaches 1243 (Fibo 0.23), this will be a sign of retracement at 1205 (Fibo 0.38) in the medium term.  When the price hits 1243, the MACD and the stochastic oscillator will also confirm this retracement.Gold ForecastD-page-001

The price is stuck into the range 1240-1280 on the 8 hour chart. When the price reaches level 1240, this will be a confirmation of retracement on 8 hour chart.  The price will break the intermediate trend line and this also indicates a retracement in the near term.

Gold weekly analysisH8-page-001

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