empty
 
 
You are about to leave
www.instaforex.eu >
a website operated by
INSTANT TRADING EU LTD
Open Account

11.10.201915:27 Forex Analysis & Reviews: 4000p for gold

Long-term review
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.

Good afternoon, dear traders. I present to your attention a trading idea for gold.

Yesterday, after the release of inflation data and Trump's next "tweets", gold at the American session showed a plunge, losing 1700 p over the evening. This, in turn, gave rise to a wave of fixing buyers who are above the psychological level of 1500. Today, we observed a third wave of these sales which began at the European session. In fact, we have the structure of ABC:

Exchange Rates 11.10.2019 analysis

But the goals above also remained, with the news. Moreover, the collapse of gold does not correlate with either EURUSD or GBPUSD, which can be banal wiring.

Therefore, I propose to look at the long positions – carefully, without fanaticism, try to gain a position in the American session, and if it closes at +, continue to gain next week in order to take profits at 1520, which can amount to almost 4000p.

Exchange Rates 11.10.2019 analysis

Follow the rules, trade success and have a good weekend!

Andrey Shevchenko
Analytical expert of InstaForex
© 2007-2024

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.




You are now leaving www.instaforex.eu, a website operated by INSTANT TRADING EU LTD
Can't speak right now?
Ask your question in the chat.

Turn "Do Not Track" off