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20.01.202211:00 Forex Analysis & Reviews: Trading plan for GOLD for January 20, 2022

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 20.01.2022 analysis

Hello, dear traders! I present to you my trading plan for gold.

So, on January 18, I made an assumption that gold would rise to 1830 after a pullback.

The instrument moved just as I had expected. It pulled back to the indicated levels and then went up, reaching the target.

Trading plan:

Exchange Rates 20.01.2022 analysis

Exchange Rates 20.01.2022 analysis

Those who followed my trading recommendation, I offer my warmest congratulations! The yielded profit totaled 2,500 pips.

My advice for those who still remain long would be to close your long positions at the current price with 3,500 pips of profit.

I use strategies such as Stop Hunting and Price Action when drawing up my trading plan.

Have a nice trading week! Always remember about risk control!

Andrey Shevchenko
Analytical expert of InstaForex
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