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20.06.202213:57 Forex Analysis & Reviews: Trading tips for gold

Exchange Rates 20.06.2022 analysis

The trading plan presented last June 16 talked about a decrease in gold prices.

Exchange Rates 20.06.2022 analysis

That came true today after wave C began to form in the daily chart, in the form of an absorption.

Exchange Rates 20.06.2022 analysis

Given that there is a three-wave (ABC) pattern, where wave A represents the selling pressure in the market, traders can open short positions from current prices up to the 50% retracement level. Set stop loss at 1873 and take profit on the breakdown of 1809, 1777 and 1675.

This strategy is based on the Price Action and Stop Hunting methods.

Good luck and have a nice day!

*Analisis pasar yang diposting disini dimaksudkan untuk meningkatkan pengetahuan Anda namun tidak untuk memberi instruksi trading.

Andrey Shevchenko,
Analytical expert of InstaSpot
© 2007-2024
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