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30.01.202309:56 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 30.01.2023 analysis

The previous trading plan in gold talked about decreasing its price according to this scenario:

Exchange Rates 30.01.2023 analysis

That is exactly what happened during the US session on Friday, when gold dropped sharply and updated the low of 1916. Traders can now close their positions for profit.

Exchange Rates 30.01.2023 analysis

Congratulations to those who followed the strategy! Gold moved by more than 1,700 pips.

The trading idea was based on the "Price Action" and "Stop Hunting" methods.

Good luck and have a nice day! Don't forget to control the risks.

Andrey Shevchenko
Analytical expert of InstaForex
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