GOLD Analysis

Here is just to show that I do prefer other types of trading with pattern usage. I won't be trading it a lot, but if will find a time will do the same type of trading what was used in GBP/USD. Before it will happen will show you my analysis from few days ago on 3rd of March 2013:

Now today on 13th of March 2013 we have still not broke of our support level and we start to show first signs of trend reversal. We might not see bearish trend to much for the next days. Here as well with my pattern:

Now, what do we see happen here? It's simple, using my pattern if we won't BO from yellow dotted TL to bottom, next won't test new support levels that's mean pattern is confirmed and we have bullish until next dotted yellow will be touched.

How to compare to my trading technique?

It's really simple as well :) , look where the bottom is, if price will keep higher and on corrections to south always higher then we have continuation of bullish for now (that's mean we going up). But the minute price will BO from support we will see more bearish on our way and no LONG trades should be there.