As well as just kissing the 200 MA, the XAUUSD has bounced off the long term CCI support line twice now. Everything seems to be pointing to a reversal with any missed estimates in the news announcements out of the US this afternoon acting as its catalyst for the bounce.
US News to consider 28/3/14 (all times GMT):
12:30 - USD Personal Income (Feb)
12:30 - USD Personal Spending (Feb)
12:30 - USD Core Expenditure YoY (Feb)
13:55 - USD University of Michigan confidence (March)
My stop and limit prices are all focused around the Fibonacci retracement:
Limit 1 (0.382) - $1311
Limit 2 (0.236) - $1342
Stop (0.500) - $1285
-Darren Wells
US News to consider 28/3/14 (all times GMT):
12:30 - USD Personal Income (Feb)
12:30 - USD Personal Spending (Feb)
12:30 - USD Core Expenditure YoY (Feb)
13:55 - USD University of Michigan confidence (March)
My stop and limit prices are all focused around the Fibonacci retracement:
Limit 1 (0.382) - $1311
Limit 2 (0.236) - $1342
Stop (0.500) - $1285
-Darren Wells