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06.09.2022 12:28 PM
Trading tips for gold

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Previous trading tips in gold pointed at a possible decrease in prices. The target of the move is the 2021-2022 low, which is $1675.

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Most likely, there will be a false breakdown today at the local support-resistance level of $1717. This means that short positions are the best option in the gold market.

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Set stop loss at $1726 and take profit on the breakdown of $1675.

This trading idea is based on the "Price Action" and "Stop Hunting" methods.

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

Andrey Shevchenko,
Analytical expert of InstaForex
© 2007-2024
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