ITS GOOD TO BE BACK!! I APOLOGIZE FOR TAKING SUCH A LONG TIME AWAY FROM CHART BREAKDOWN, WAS BUSY MAKING AND UPDATING THE THQ WEBSITE COURSE CONTENT.
Welcome to TradrHq, We provide Technical Analysis for a selected currency pairs and Indexes.
After the strong bullish momentum for few weeks, gold had reached our weekly level (1550). Price them managed to drop on Wednesday creating a nice resistance area right above our weekly resistance level (1550). Because of the strong bearish closed daily candle we are waiting to spot a clear area to get a sell position.
This is when the H4 time-frame come into play were we see price break support level (1557), retested that area, now we waiting for our pending sell limit to be activated.
Target #1: 1540 Target #2:
Use 1% -5% risk per Position! (Remember to use stop loss to limit your losses and protect your account !)
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