empty
 
 
14.04.2021 01:44 PM
Trading idea for gold

This image is no longer relevant

Gold continues to be in a bear market even though dollar already declined due to US inflation.

Apparently, there are still a lot of debts at the bottom, which means that traders can enter into short positions in order to set off large declines in the market.

This image is no longer relevant

To be more specific, the first target for sales is 1720, while the second is 1676. All in all, the potential movement is approximately 7,000 pips.

This scenario is based on the classic and trusted Price Action and Stop Hunting strategies.

Good luck!

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 $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

Recommended Stories

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