empty
 
 
04.02.2022 03:33 PM
Trading tips for gold

This image is no longer relevant

Gold has been testing the resistance levels in the daily chart over the past year. It created prerequisites for pressure and a possible breakdown.

This image is no longer relevant

Yesterday, another increase was seen, thanks to strong data on US jobless claims.

This image is no longer relevant

This bullish move could extend today if data on unemployment turns out to be weaker than forecasts. Gold may even trade higher than $ 2,000.

If that happens, long positions should be taken, while short positions should be avoided. This follows the strategy of "Price Action" and "Stop Hunting".

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 $5000 more!
    In November we raffle $5000 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