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FX.co ★ Tips for trading gold

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Forex Analysis:::2023-05-26T07:32:03

Tips for trading gold

Tips for trading gold

Market signals for gold point to a likely decrease in prices.

Tips for trading gold

As expected, the metal did dip in Thursday, as dollar demand rose after the release of strong statistics from the US. This caused gold to break through the level of 1950.

Tips for trading gold

Congratulations to everyone who followed the given trading idea! The average gain amounted to 3,500 pips.

Close short positions now to get profit!

The strategy came from the framework of the "Price Action" and "Stop Hunting" methods.

Good luck and have a nice day! Don't forget to control the risks.

Analyst InstaForex
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