Gotraderpros

Gotraderpros

XAU/USD This pair has hit a new high which in return it needs to do a pullback/retracement which it already started. If zone 2 (Day support) is broken, we'll be looking at a nice drop towards Zone 3 (Week Support). (Day Support Price #) 1985.502 1956.889 If Zone 1 (Day Resistance) Is broken, we'll be looking at newer highs. (Day Resistance Price #) 2093.474 2031.493

Gotraderpros Updated 

Here is an example of what the US30/Dow Jones can possibly do. If it breaks the Red resistance zone, it will most likely buy up to the next Red resistance zone. If it breaks the blue support zone, it will most likely sell to the next blue support zone. Once zones are broken, wait for the retest before entering. The markets can be very unpredictable and you always...

Gotraderpros

If the resistance zone get broke going to the upside it will go to the next resistance zone and you could get a nice amount of points. If the support zone get broke going to the downside it will go to the next support zone and you could get a nice amount of points. Always use risk management when trading.