New World Capital - Article 4 ( Continuation )

XAUUSD

Just as expected, Gold went past through the mist around $2,335 and is now in good standing to breakout. The Volume and the liquidity are reflecting the current state of affairs the pair is currently undergoing. Market makers and institutions got filled at the very best price after the first fake-out happened this morning. As the market approaches zones of interest, 95ers gets overwhelmed with the fear of losing their unrealized profit and start to panic liquidate their orders creating a new set of supply and demand, which benefits institutions. Supposedly price goes up, we are bullish.

Buy Gold @$2,337
TP@ $2,368
SL@ $2,328
Risk: 1% - 10%
Reward: 4%+ - 40%+
Day Trade

If the first one fails, our back up order is below
Buy Gold @$2,328
TP@ $2,368
SL@ $2,319
Risk: 1% - 10%
Reward: 5%+ - 50%+
Day Trade
Beyond Technical AnalysisTrend Analysis

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