empty
 
 
15.09.2021 12:49 PM
Trading idea for gold

This image is no longer relevant

Gold reached $ 1,781, which was the target presented at the previous articles: September 10 and September 13 .

Plan:

This image is no longer relevant

Result:

This image is no longer relevant

The lower-than-expected data on US inflation actually helped gold and risk assets grow, but it did not really matter anymore because buy stops were already broken. This means that the previously taken short positions were very successful. Thus, congratulations to those who followed the bearish strategy! The total movement of gold was 2,000 pips.

This analysis is based on Price Action and Stop Hunting strategies.

Good luck and have a nice day!

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 $1000 more!
    In April we raffle $1000 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