empty
 
 
24.08.2021 02:52 PM
Trading idea for gold

Contrary to what was projected , gold did not decline nor reached the target prices.

Plan:

This image is no longer relevant

Current scenario:

This image is no longer relevant

Instead, it continued to climb up and is likely to hit 1833 in the coming days. If this happens, bearish traders can set up transactions according to this strategy:

This image is no longer relevant

Potential movement for this scenario is as much as 20,000 pips! The target is the price level 1675. Begin the plan as soon as gold breaks down 1833.

Good luck and have a nice day!

(The trading idea presented above follows both Price Action and Stop Hunting methods)

Andrey Shevchenko,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback