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31.01.202403:38 Forex Analysis & Reviews: Trading tips 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 31.01.2024 analysis

The trading idea presented earlier indicated a potential increase in gold prices.

Exchange Rates 31.01.2024 analysis

Looking at the chart, gold reached the second target level during Tuesday's European session.

Exchange Rates 31.01.2024 analysis

Congratulations to everyone who followed the strategy! The average gain amounts to as much as 2,000 pips. Close long positions now to gain profit.

The trading plan followed the framework of the "Price Action" and "Stop Hunting" strategies.

Good luck in trading and don't forget to control the risks! Have a nice day.

Andrey Shevchenko
Analytical expert of InstaForex
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