Facebook
 
 

20.01.202113:12 Forex Analysis & Reviews: Trading idea for gold

Exchange Rates 20.01.2021 analysis

To date, gold continues to rally in the markets, approaching a price level of 1863. The growth took place during the Asian session, and the movement totaled about 4,000 pips.

Exchange Rates 20.01.2021 analysis

Taking this into account, it would be best to open positions targeting 1863 and beyond. Otherwise, you will fall into a sellers trap, aside from the fact that there is no place here to hide risks.

But in case of a true breakout in 1863, gold's next target will be 1965.

Of course, risks are needed to be monitored to avoid losing profit. Trading is very precarious, but also profitable if the approach used is correct.

The strategy above uses Price Action and Stop Hunting methods.

Good luck!

*Phân tích thị trường được đăng tải ở đây có nghĩa là để gia tăng nhận thức của bạn, nhưng không đưa ra các chỉ dẫn để thực hiện một giao dịch.

Andrey Shevchenko,
Chuyên gia phân tích
Tập đoàn InstaForex © 2007-2021
Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.


Không thể nói chuyện ngay bây giờ?
Đặt câu hỏi của bạn trong phần trò chuyện.