On March 14, 2017, Posted by , In Uncategorized, By , , With No Comments

Heiken TDM Holdings MetaTrader 4 Terminal TDM Holdings MetaTrader 4 Terminal1

One should consider going long on XAU/USD at market price: 1202.00 and a stop loss below the 61.8 fibonacci level 1176.00. Market is oversold, and has reached a fib zone furthermore formed a reversal candle on the D1 chart. H4 market has bridged through trendline(resistance) and making a higher low.

Alternatively, one can wait for a green Heiken Ashi candle, (Momentum indicator), A green candle would indicate that the momentum is to the upside.

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