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17.03.2022 03:26 PM
Trading tips for gold

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Gold was actively approaching the 2020 high, but could not overcome $2,075.

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Instead, there was a 50% rollback, which lowered the quote by 17,000 pips, bringing it under $1900.

But yesterday, demand for the yellow metal increased, thanks to the decision of the Fed to raise rates by 0.25 bp.

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This situation calls for long positions, at least until the quote breaks through the yearly high at $2,075. Such a move offers a profit of about 15,000 pips.

This idea is based on the Price Action and Stop Hunting strategies.

Good luck and have a nice day!

Andrey Shevchenko,
Analytical expert of InstaForex
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