This is the
profiteer’s Guide for this Week 6 (February 6- February 11) 2017.
I will be
making my suggestions every week based on technical and fundamental analysis,
where I see the market heading to in the next 5 days.
Use this
analysis to maximize your profits, it will give you an edge in Gold trading and
also keep you on the right side of the market.
My suggestions
will be posted by 22:00 (GMT), on Sunday of every week.
The Market
segment for Gold market XAU/USD this week will be changed according to the
tables below:
XAU/USD
|
Resistance3
|
Resistance2
|
Resistance1
|
PIVOT
|
Support1
|
Support2
|
Support3
|
YEARLY 2017
|
1644.11
|
1509.51
|
1330.53
|
1195.93
|
1016.95
|
882.35
|
703.37
|
MONTHLY
February
|
1312.52
|
1266.31
|
1238.29
|
1192.08
|
1164.06
|
1117.85
|
1089.83
|
WEEKLY
Week 6
|
1270.95
|
1248.05
|
1233.81
|
1210.91
|
1196.67
|
1173.77
|
1159.53
|
DAILY
Feb 6
|
1239.46
|
1230.34
|
1224.96
|
1215.84
|
1210.46
|
1201.34
|
1195.96
|
TRUE RANGE PRICE
XAU/USD
|
YEAR 2017
|
February 2017
|
WEEK 6, 2017
|
Febrary6, 2017
|
TRUE RANGE
|
1140.07 - 1240.68
|
1166.60 - 1210.27
|
1199.54-1219.57
|
1214.20 - 1219.57
|
Gold is Shinning
but not for long, XAU/USD closed at 1219.57
higher than the previous week price and still on track to this year DE
MARKS Yearly Pivots at 1240.46. This week I am going to trade
minor retracement and my key support for this key is 1199.57 according to my trade plan as show on the H4 charts. So pay attention to the
charts, have a solid strategy, and follow your plan! If you don’t have a trading strategy, join Multipliers
Group now.
Week Trade
XAU/USD SELL @ 1219.57, Take
Profit @ 1199.50 (20pips)
I strongly advise that
if you don’t have minimum account of $1000, please don’t consider XAU/USD as
your pair to trade because it is highly volatile and always take calculated risks into consideration when
planning your trading strategy and ensure that you have sufficient funds in
your trading account to cover any extra margin. Money management is the heart
FOREX trading; it is the only way to manage the beast of greed and keep you in
market. Stay Positive, Stay Green.
Plan your trade, use your strategy and compare to my weekly analysis before taken a position. If you don’t have a trading strategy, Click the links Register to join Multipliers Group: Forex Time and Hot Forex today.
Plan your trade, use your strategy and compare to my weekly analysis before taken a position. If you don’t have a trading strategy, Click the links Register to join Multipliers Group: Forex Time and Hot Forex today.
DISCLAIMER: My followers have full
access to my trading strategy, including specific trades each day that include
the exact entry, exit, lot size, stop loss and profit targets for all FX pairs.
As you may know, I'm
well-known in the Forex community as being someone who consistently delivers
systems and strategies that make big profits.
“Formal education will
make you a living; self-education will make you a fortune.”
Time to learn to make income from the safest
and most lucrative market in the world with $5.4 trillion in daily cash flow.
Time is money. Invest
it wisely.
I wish you all good
trades and a profitable week.
Kind Regards,
Kunle Okunrounmu,
Chief Strategist and CEO of "Multipliers Group".
Kunle Okunrounmu,
Chief Strategist and CEO of "Multipliers Group".
If you have any questions, drop comment or you
need help, please contact me on WhatsApp: +234-8154417007
RISK
WARNING: There is a high level of risk involved with trading leveraged products
such as forex and CFD’s. You should not risk more than you can afford to lose,
it is possible that you may lose more than your initial investment. You should
not trade unless you fully understand the true extent of your exposure to the
risk of loss. When trading, you must always take into consideration your level
of experience. If the risks involved still seem unclear to you, please seek
independent advice
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