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Monthly Archives: November 2014

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SNB Gold Asset Vote and the ultimate price of Gold

Today, on 30 Nov, there is an important event going on – SNB (Swiss Central Bank) Gold Asset Vote. The wide expectation is a rejection of going back to Gold standards – if this expectation turns to reality then Gold would drop. Now key question

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Daily Chart of NZDUSD shows price is supported by Previous Months

Catching repetitive price action via NZDUSD and USDCHF

See NZDUSD and USDCHF examples that show repeating features of price action: monthly and weekly highs and lows as resistance and support and the use of false breaks aka bull and bear trap as trading signal.

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