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FX.co ★ Gold is preparing for a breakout

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Forex Analysis:::2020-03-19T09:05:34

Gold is preparing for a breakout

 Gold is preparing for a breakout

Good day, dear traders! I present to your attention, the trading plan for gold.

During the period of "mega-trends", traders experience difficulties, as volatility is off the charts, and currencies pass every day as much as what they used to for weeks.

Gold is no exception. Yesterday alone, gold passed by 7,000 p!

Yesterday, we recommend reducing gold's price, in the framework of a large auction

/en/analysis/24715... :

 Gold is preparing for a breakout

If you followed it, you should already be "in the black" by about 4000-5000 p.

Now, the tool is declining, putting pressure on the site as part of the "stop hunting" strategy:

 Gold is preparing for a breakout

For those who did not have time to sell gold yesterday, I again recommend working for a decrease today, in order to update the monthly platform and fix the profit below 1,444.

Good luck in trading and control your risks!

Analyst InstaForex
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