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

22.07.202113:34 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 22.07.2021 analysis

As expected, gold declined and hit the target price level presented in the trading idea last July 20 .

Exchange Rates 22.07.2021 analysis

The plan is to push the quote down to 1790, which is where many buyers placed their stop orders.

Exchange Rates 22.07.2021 analysis

But if you did not follow the strategy presented earlier, then it is not ideal to open long positions, at least until a false breakout around 1790.

This is in accordance with the framework of Price Action and Stop Hunting methods.

Best of luck!

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