empty
 
 
01.06.2022 10:41 AM
Last-minute chance to earn on gold rally

This image is no longer relevant

Hi, dear traders! I'd like to share a trading idea for gold with you. Gold remains in the overall large bullish trend. The metal is able to update easily its historic highs in the context of globalgeopolitical jitters.

Here is a big plan for gold based on updating the double top of 2020-2022.

This image is no longer relevant

Let's consider the buying impulse from May 16 to be a basis represented by wave A. As of today, the gold price declined by 50% and made a false breakout of the low from May 20.

I suggest we consider the trading idea based on the gold rally according to this scheme.

This image is no longer relevant

In fact, there is a three-wave ABC structure where the buying impulse of mid-May is plotted by wave A. I plan to open long positions during the 50% Fibonacci retracement at the current price levels. We could set a stop loss at $1,810. We could fix a profit during a breakout of $1,870 and $2,075.

The trading idea is developed on the grounds of the author's methods of Price Action and Hunting for Stop Orders.

Good luck in trading! Manage your risks!

Dapatkan keuntungan dari perubahan nilai mata uang kripto dengan InstaForex.
Unduh MetaTrader 4 dan buka perdagangan pertama Anda.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    GABUNG KONTES
  • Chancy Deposit
    Isi akun Anda sebesar $3000 dan dapatkan $8000 lebih banyak!
    Pada Maret kami mengundi $8000 dalam promo Chancy Deposit!
    Dapatkan kesempatan untuk menang dengan melakukan deposit sebesar $3000 pada akun trading Anda. Setelah memenuhi persyaratan ini, Anda telah menjadi partisipan promo.
    GABUNG KONTES
  • Trade Wise, Win Device
    Top up akun anda dengan dana minimal $500, daftar kontes, dan dapatkan peluang untuk memenangkan perangkat seluler.
    GABUNG KONTES
  • 100% Bonus
    Kesempatan langka untuk mendapatkan bonus 100% pada deposit anda
    DAPATKAN BONUS
  • 55% Bonus
    Ajukan bonus 55% pada setiap deposit anda
    DAPATKAN BONUS
  • 30% Bonus
    Raih bonus 30% setiap kali anda top up
    DAPATKAN BONUS

Artikel yang direkomendasikan

Tidak bisa bicara sekarang?
Tanyakan pertanyaan anda lewat chat.
Widget callback