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Good afternoon, dear traders! I present to your attention a trading idea for gold.
At the last review on Friday, I recommended careful buying on the false breakdown of 1485 and further track the dynamics of the US session. As you can see, the Americans closed higher. This pattern is called a V-shaped buy-off and is a standard model in the world of trading.
The market reaction to this buy-off also showed a positive direction in the European session. Now, it remains to wait for confirmation in the market, and if the opportunity presents itself – to continue to gain a logical position with a great goal and profit-taking at the level of 1519. The fundamental background is also favorable – the probability of lowering the interest rate on the USD is growing every day, and in this case, work on the weakening of the dollar in gold – as they say.
Good luck with trading and see you at the evening review!
Le recensioni analitiche di InstaForex ti renderanno pienamente consapevole delle tendenze del mercato! Essendo un cliente InstaForex, ti viene fornito un gran numero di servizi gratuiti per il trading efficiente.
