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

MariusG
Marius Ghisea – fund manager and advisor for institutional and individual investors. 11 years experience in forex market. Marius G. provides advices for long term investors with low risk strategies investments. Technical analyst at ProfitF.com ( Go to Ghisea Marius Facebook group >>> )
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