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14.10.202110:40 Forex Analysis & Reviews: Trading idea for gold

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Exchange Rates 14.10.2021 analysis

Gold skyrocketed to above $ 1,787 yesterday after the publication of the US inflation data.

Such is in line with the forecast and strategy presented in this article: Trading idea for gold

Plan:

Exchange Rates 14.10.2021 analysis

Result:

Exchange Rates 14.10.2021 analysis

Congratulations to those who followed the strategy and took long positions in the market! Congratulations as well to those who did not get into sales.

As seen in the chart, gold moved as much as 4,000 pips. The next target is $1,833.

This analysis is based on Price Action and Stop Hunting strategies.

Good luck and have a nice day!

Andrey Shevchenko
Analytical expert of InstaForex
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