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08.04.2022 02:55 PM
Trading tips for gold

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Gold is approaching the resistance level for the sixth time, which should eventually lead to its breakdown.

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In this situation, traders should temporarily refuse to take short positions, at least before the breakdown of the level. They should consider long positions for the meantime, following this plan:

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

Good luck and have a nice day!

Andrey Shevchenko,
Analytical expert of InstaForex
© 2007-2025
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