XAUUSD- Weekly $1550 rejection
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Gold weekly rejection could signal a start of a H4 downtrend. With the reach of our weekly resistance (1550)
gold could potentially see a H4 downtrend play.
This statement is supported by the fact the our H4 support (1522.60) has
breached. If (1522.60) breaks then we could start to see downward price momentum until price formed a new HL on the
weekly time frame to confirm the overall long term uptrend price continuation.
But for right now we wait for confirmation of the lower time frame H4 to see what price will head.
Target #1: N/A
Target #2: N/A
Use 1% -5% risk per Position!
(Remember to use stop loss to limit your losses and protect your account !)
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TradrHqCeo
Gold weekly rejection could signal a start of a H4 downtrend. With the reach of our weekly resistance (1550)
gold could potentially see a H4 downtrend play.
This statement is supported by the fact the our H4 support (1522.60) has
breached. If (1522.60) breaks then we could start to see downward price momentum until price formed a new HL on the
weekly time frame to confirm the overall long term uptrend price continuation.
But for right now we wait for confirmation of the lower time frame H4 to see what price will head.
Target #1: N/A
Target #2: N/A
Use 1% -5% risk per Position!
(Remember to use stop loss to limit your losses and protect your account !)
LEAVE US A COMMENT SO WE CAN KEEP OUR COMMUNITY ALIVE AND ENGAGED
Google THQ for our more in depth break down of our strategy and how we analysis the markets.
LEARN EARN TRADE REPEAT
TradrHqCeo
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