Xau/Aud – A Potential sell opportunity |KOL Analysis• Jasper Njuguna

Last Fridays daily candle opened and closed below the 50 Ema and also noticing the 50 Ema is acting as dynamic resistance band and not only that, the price structure is hold below the descending minor upper trend line which is thin green line and also the minor lower trend line which is the thin red line.

Daily Chart;

The hour 4 chart the is quite ideal to view the potential trade setup and market structure as we view noteworthy break and retest of both the minor trend lines and moving averages. And again, we anticipate retest of the same confluences during this week trading sessions.

Hour 4 chart;

Market participants may be targeting a rally down to the lower ascending channel line but we should look out for the last week trading session low of 2645.70 price handle which has been the end of day low for two consecutive days and that for both Wednesday and Thursday trading sessions and also look out for current monthly low which is at level of 2618.88 price handle.

Of course, ones discretion and risk management is advised.

{About the Author}

Jasper Njuguna is a financial markets trader. With cumulative 5

years experience trading the markets and out of which, one and a half

years of that as a prop trader, trading large and mid-cap American

equities at one of the DAY TRADE THE WORLD offices.

Prior to switching career interest to trading, he have 9 years of

experience in senior management roles driving small to large business

development and B2B relations in creating and implementing; learning

& development solutions, programs, organizational strategies &

frameworks, and blended learning approaches for companies and

institutions in Africa.

WikiFX, a third-party forex broker inquiry platform, has collected

the information of 19,000+ forex brokers, 30 regulators, and helped

victims recover over 300,000,000.00 USD. WikiFX App provides functions

like forex brokers inquiry, calender, forex news express, calculator and

other trading tools to help you get trading done with ease.

Forex brokers inquiry: in order to create a safe forex trading

environment, WikiFX offers you two methods of checking the compliance of

forex brokers, online checking and offline investigation report. WikiFX

has an independent inspection team, conducting on-spot visit to brokers

offices to identify they are trustworthy or not.

Forex calender: the financial events which may affect forex trading

Forex news express: providing you the latest info anytime and anywhere

Forex forum: tons of posts by WikiFX users, containing technical

analysis, industry discussion, fraud brokers exposure; Users can

exchange their thoughts here freely.