Sunday, 12 February 2017

Gold Price Forecast and Analysis for Week 7 (Feb 13 - Feb 18) 2017

This is the profiteer’s Guide for this Week 7 (February 13 - February 18) 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 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 7
1272.17
1258.63
1245.87
1232.33
1219.57
1206.03
1193.27
DAILY
Feb 13
1225.02
1245.98
1239.55
1230.51
1224.08
1215.04
1208.61

                                                         TRUE RANGE PRICE
  XAU/USD
    YEAR 2017
February 2017
   WEEK 7, 2017 
Febrary13, 2017
TRUE RANGE
1140.07 - 1240.68
1166.60 -  1210.27
1225.84-1233.11               
1228.65-1233.11




Support key for this is 1225.11 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 @ 1233.85, Take Profit @ 1225.11 (10pips)
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 strategyClick 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.” 
Join the moving train today; join Multipliers Group now, it’s time to forge a new path.
 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".
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