The legend in the InstaSpot team!
Legend! You think that's bombastic rhetoric? But how should we call a man, who became the first Asian to win the junior world chess championship at 18 and who became the first Indian Grandmaster at 19? That was the start of a hard path to the World Champion title for Viswanathan Anand, the man who became a part of history of chess forever. Now one more legend in the InstaSpot team!
Borussia is one of the most titled football clubs in Germany, which has repeatedly proved to fans: the spirit of competition and leadership will certainly lead to success. Trade in the same way that sports professionals play the game: confidently and actively. Keep a "pass" from Borussia FC and be in the lead with InstaSpot!
Two events happened after a rather long sell-off in gold. First is the start of purchases, which may lead to a strong correction in prices.
And since previous movements form a three-wave pattern (ABC), where wave A represents bullish pressure, traders can enter the market by buying up to the 50% retracement level, with stop loss at 1631. Exit the market on the breakdown of 1657 and 1688.
The second event is the sell stop orders left by market makers, which can be used as basis when entering the market using "Stop Hunting" strategy.
In this case, the potential price movement is more than 4,000 pips.
The trading ideas are based on the "Price Action" and "Stop Hunting" methods.
Good luck and have a nice day! Don't forget to control the risks.
*这里的市场分析是为了增加您对市场的了解，而不是给出交易的指示。
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