empty
 
 
11.02.2021 10:26 AM
Technical analysis of GOLD for February 11, 2021

This image is no longer relevant

Hello, dear traders! Here is my trading recommendation on gold.

Yesterday, the greenback strengthened at the end of the North American session after the release of the inflation report in the United States.

At the same time, buyers are now trapped above the 1831 level after a three-day gold rally.

This image is no longer relevant

Thus, we have a tree-wave structure - ABC. In this case, Wave A indicates yesterday's bearish activity during the North American session.

One should consider entering short after a pullback form 1844 - the 50% Fibo retracement level.

A Stop Loss and a Take Profit should be placed at 1854 and 1831.

The trading recommendation is based on the strategies Price Action and Stop Hunting.

Have a nice trading day!

Andrey Shevchenko,
Analytical expert of InstaForex
© 2007-2024
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • 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 $5000 more!
    In November we raffle $5000 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

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback