empty
 
 
07.01.2021 11:51 AM
Trading idea for gold

This image is no longer relevant

Yesterday, gold pulled back from 1964, which presents a good opportunity to open long positions in the market.

This image is no longer relevant

In fact, many traders have considered yesterday's bearish impulse as a trigger for a new downward trend. However, it would manifest only if the quote broke below 1964. Instead, gold moved away from the level, which means that it would be best to open long positions, the entry of which may be at any level (according to your own trading strategy), but the target profit must be 1964.

Of course, traders still need to control the risks to avoid losing money. Trading is very precarious, but also profitable as long as the right approach is used.

Good luck!

Andrey Shevchenko,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback