XAUUSD We could see a 1550 move in the coming week !
Welcome to TradrHq, We provide Technical Analysis for a selected currency pairs and Index
In the last couple of weeks the price of gold has been rising. It is up to us to analysis the market so we can get a indication as to where price should continue next. As of right now gold has broken resistance now support 1448.300. With this in mind a retracement to retest 1448 is likely. Not to mention that our 61.8% FIB level is a slightly aligning with that daily level.
That being said a pullback to 1448 is expected, is this is confirm and price forms a continuation pattern at this level our first target will be 1526 with our second above our weekly mid-range resistance 1550.
Target #1: 1526.400
Target #2: 1557.500
Use 1% -5% risk per Position!
(Remember to use stop loss to limit your losses and protect your account !)
LEAVE US A COMMENT SO WE CAN KEEP OUR COMMUNITY ALIVE AND ENGAGED
visit our site for our more in depth break down of our strategy and how we analysis the markets.
LEARN EARN TRADE REPEAT
TradrHqCeo
In the last couple of weeks the price of gold has been rising. It is up to us to analysis the market so we can get a indication as to where price should continue next. As of right now gold has broken resistance now support 1448.300. With this in mind a retracement to retest 1448 is likely. Not to mention that our 61.8% FIB level is a slightly aligning with that daily level.
That being said a pullback to 1448 is expected, is this is confirm and price forms a continuation pattern at this level our first target will be 1526 with our second above our weekly mid-range resistance 1550.
Target #1: 1526.400
Target #2: 1557.500
Use 1% -5% risk per Position!
(Remember to use stop loss to limit your losses and protect your account !)
LEAVE US A COMMENT SO WE CAN KEEP OUR COMMUNITY ALIVE AND ENGAGED
visit our site for our more in depth break down of our strategy and how we analysis the markets.
LEARN EARN TRADE REPEAT
TradrHqCeo
Trade closed: target reached
