XAUUSD SHORT
*ON THE 4-HOUR/1-HOUR TIME-FRAME WE CURRENTLY SEE THAT GOLD IS MOVING WITHIN A RANGE AFTER RETURNING TO THE HIGHS FROM 2011/2012
TRADE IDEAS
1. GOLD WILL CONTINUE TO MOVE WITHIN THIS RANGE OF SUPPORT (1795) AND RESISTANCE (1816). LOOK FOR ENTRIES CLOSE TO SUPPORT AND RESISTANCE LEVELS TO MINIMIZE THE AMOUNT YOU ARE RISKING AND PROVIDE YOURSELF WITH THE OPPORTUNITY TO MAXIMIZE YOUR REWARDS.
2. GOLD CAN BREAK ABOVE RESISTANCE AND BEGIN TO RALLY CREATING HIGHER HIGHS AND LOWER LOWS
3. GOLD CAN BREAK BELOW SUPPORT AND CREATE HIGHER LOWS AND LOWER LOWS.
TRADE IDEAS
1. GOLD WILL CONTINUE TO MOVE WITHIN THIS RANGE OF SUPPORT (1795) AND RESISTANCE (1816). LOOK FOR ENTRIES CLOSE TO SUPPORT AND RESISTANCE LEVELS TO MINIMIZE THE AMOUNT YOU ARE RISKING AND PROVIDE YOURSELF WITH THE OPPORTUNITY TO MAXIMIZE YOUR REWARDS.
2. GOLD CAN BREAK ABOVE RESISTANCE AND BEGIN TO RALLY CREATING HIGHER HIGHS AND LOWER LOWS
3. GOLD CAN BREAK BELOW SUPPORT AND CREATE HIGHER LOWS AND LOWER LOWS.
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