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22.06.2022 02:11 PM
Trading tips for gold

Gold is currently forming its third downward wave, which follows the bearish scenario presented last May 15.

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The first target is the high last May, at 1787.

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The main target, meanwhile, is the 2021 low at $1675.

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In this situation, the best action is to avoid long positions, while working for a price decrease to the specified targets.

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

Good luck and have a nice day!

Andrey Shevchenko,
Analytical expert of InstaForex
© 2007-2024
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