Trading tips for gold

Gold Has A Chance For The Rejection Of The Support

Relevance up to 10:00 2022-06-14 UTC+2 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Exchange Rates 13.06.2022 analysis

 

Gold shook last Friday after the release of a record-breaking US inflation report.

It rose by 5,000 pips, opening an opportunity for further price increase.

 

Exchange Rates 13.06.2022 analysis

 

So, considering that there is a three-wave (ABC) pattern, where wave A represents the buying pressure last Friday, traders can open long positions from current prices up to the 61.8% and 50% retracement level. Set stop loss 1828, and take profit on the breakdown of 1878 and 2075.

 

Exchange Rates 13.06.2022 analysis

 

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

Good luck and have a nice day!

 

Read more: https://www.instaforex.eu/forex_analysis/313260

Gold Has A Chance For The Rejection Of The Support

InstaForex Analysis

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