My suggestions
for this week are 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 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
March
|
1340.98
|
1302.39
|
1275.22
|
1236.63
|
1209.46
|
1170.87
|
1143.7
|
|
WEEKLY
Week 12
|
1279.06
|
1256.31
|
1242.56
|
1219.81
|
1206.06
|
1183.31
|
1169.56
|
|
DAILY
Mar 20
|
1239.38
|
1235.44
|
1232.13
|
1228.19
|
1224.88
|
1220.94
|
1217.63
|
TRUE RANGE PRICE
|
XAU/USD
|
YEAR 2017
|
March 2017
|
Week 12
|
March 20, 2017
|
|
TRUE RANGE
|
1140.07 - 1240.68
|
1220.72- 1248.04
|
1210.21-1229.02
|
1210.21-1229.02
|
Week
Trade
Bullion has managed to bounce off previous week
lows and maintained its bullish bias above $1230.00 psychological mark. This week according to my trading strategy
I’m on short trade my key support is 1210.21 and key resistance for the week is 1229.02 as shown on the WEEKLY charts.
Pay attention to the charts as an active traders we always know that it’s best
to trade what you SEE, not what you
THINK, have a solid strategy and follow your plan! If you don’t have a
trading strategy, join Multipliers Group today.
XAU/USD SELL @ 1228.00, Take
Profit @ 1210.21
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.
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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