Directly from Vladimir Ribakov's Live Trading Room

Yesterday I post a trade regarding Gold.  I said that on the Daily chart Gold was creating a flag pattern and if and when the pattern broke to the down side along with the stochastic indicator crossing down that would be our signal to sell and that we would be aiming 1610, and if price broke through this level , retrace and held 1610 we could see price reaching all the way down to 1544.  Well yesterday Gold tried to break through the flag but retraced by the end of the day.  I believe that this trade is very significant today and we could possibly see the break today, please watch.

Gold

Gold trade setup for March 21, 2012

Gold Pivot Points (Time Frame: 1 Day)

 

Name S3 S2 S1 Pivot R1 R2 R3

Classic
1628.23
1637.12
1643.63
1652.52
1659.03
1667.92
1674.43

Fibonacci
1637.12
1643.00
1646.63
1652.52
1658.40
1662.03
1667.92

Camarilla
1645.92
1647.33
1648.74
1652.52
1651.56
1652.97
1654.39

Woodie's
-
1636.53
1642.45
1651.93
1657.85
1667.33
-

DeMark's
-
-
1657.85
1651.93
1642.45
-
-