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XAUUSD- H4 & Daily Short Position

Welcome to TradrHq, We provide Technical Analysis for a selected currency pairs and Index

After gold make its breakout through the monthly level (1326) it has since then been on a bull run for
three months reaching and rejecting (1550) a weekly mid-range level. I has now pulled back from (1550) and
begun a short-term smaller timeframe downtrend.

Our focus relies on the H4 & Daily timeframe where we can see the short-term momentum better. On the H4 timeframe
we can see a solid foundation where price has been making lower highs. On the Daily timeframe we can see the H4
momentum but in a broader view.

On the weekly timeframe we can plot our Fibonacci level from point A (1277) to point B (1539). Our first target is the 38.2%
Level and our second one right above the 50%.


Target #1: 1439
Target #2: 1408


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 [TRADRHQ] for our more in depth break down of our strategy and how we analysis the markets.

LEARN EARN TRADE REPEAT

TradrHqCeo
Candlestick AnalysisGoldMultiple Time Frame AnalysisTrend AnalysisXAUUSDxauusdshort

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