For Traders

Analytical Reviews

Technical analysis

19.11.202012:36 Forex Analysis & Reviews: Gold lays trap for buyers

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.

Hi dear traders! Let me present my overview of the gold situation.

Well, last week I suggested the short trading idea for gold.

This trading week is likely to bring disappointment to small gold speculators who are betting on the metal appreciation. The gold price is putting pressure on the lower border of a huge auction. Under such market conditions, buyers have nothing to do but hide behind a monthly level of $1,850.

To sum up, at present I would recommend you staying away from long deals on gold so that you will not be caught in a trap set by market makers. The gold price could slump anytime. The odds are that it will happen during the American trade.

The trading idea is developed on the grounds of the two methods: Price Action and Hunting for stop orders.

Good luck in trading! Make sure you manage your risks!

Back to the list

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.