empty
 
 
25.01.2021 12:34 PM
Trading idea for gold

This image is no longer relevant

Despite the fall during the Asian and European sessions, traders still bought gold during the US session, thereby returning the hope for growth. This is not the first time that such a scenario happened, therefore, longs could be opened, but it should be according to the strategy presented below:

This image is no longer relevant

So, since the quotes have formed a three-wave pattern (ABC), where wave "A" is the impulse last Friday, traders could open long positions from the 50% or 61.8% retracement levels.

This image is no longer relevant

Then, the main target for the transaction is 1963.

This image is no longer relevant

But if the quote breaks below 1840, cancel the deal.

This follows the "Price Action" and "Stop Hunting" methods.

Of course, traders have to monitor risks to avoid losing profit. Trading is very precarious, but is profitable as long as the correct approach is used.

Good luck!

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