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 my analysis to maximize your profits, it will give you an edge in trading FX 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.
This is the profiteer's Guide for Gold Trading this week.
This is the profiteer's Guide for Gold Trading this week.
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
January
|
1250.32
|
1219.01
|
1185.28
|
1153.97
|
1120.24
|
1088.93
|
1055.20
|
WEEKLY
Week 2
|
1228.25
|
1206.51
|
1189.36
|
1167.62
|
1150.47
|
1128.73
|
1111.58
|
DAILY
Jan 9
|
1191.16
|
1186.77
|
1179.5
|
1175.11
|
1167.84
|
1163.45
|
1156.18
|
XAU/USD
|
YEAR 2017
|
January 2017
|
WEEK 2, 2017
|
January 9, 2017
|
TRUE RANGE
|
1140.07-1240.68
|
1146.15-1164.32
|
1157.77-1172.22
|
1172.22-1178.32
|
Gold closed just
above 1172.00 and below 50 MA as show
on the following daily chart. The RSI
and Stochastic Oscillator downtrends have formed. Candle pattern, Weekly Pivot
and True Range prices have also confirmed downtrend; you should be expecting a bounce
back at 1157.77 WS1. Watch out in
the coming week, you could see a price heading to this Year Pivot Points 1195.93 which is the major resistance
level.
XAU/USD Buy @ 1170.00, Take Profit @ 1180.00 (10pips)
Lot size depends on the account size, 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 but very profitable.
Week trade
XAU/USD Sell @ 1770.00, Take Profit @ 1720.00 (50pips)
Week trade
XAU/USD Sell @ 1770.00, Take Profit @ 1720.00 (50pips)
Use your own trading strategy, compare to take trades that setup in the same direction as my weekly analysis. If you don’t have a trading strategy, Click the links Register to join Multipliers Group: Forex Time and Hot Forex today for help.
DISCLAIMER: My followers have full access to my trading strategy, including specific trades each day that include the exact entry, 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.
I strongly advise to take the aforementioned and 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 to keep you in market. Stay Positive, Stay Green.
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I wish you all good trades and a profitable year.
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
