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XAUUSD Pending Short Position

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OANDA:XAUUSD   Emas Semerta / Dolar A.S.
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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GOOGLE for our more in depth break down of our strategy and how we analysis the markets.

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