empty
 
 
24.02.2020 10:39 AM
Trading idea for gold

This image is no longer relevant

Good day, dear traders! I present to your attention, a trading idea for gold.

Today, at the opening of the markets, the rate of gold, for the first 15 minutes of trading, added almost 4000p at 5 Zn. As part of the overall upward trend since the beginning of February, the total pass was more than 12000p.

Large trends ended with large culminating candles, forcing sellers to close positions. After such climaxes, a correction is expected, or at most, a reversal:

This image is no longer relevant

Within the framework of the "stop hunting" strategy, two interesting levels were formed within the culminating day: 1658 and 1650.

1658 is an intraday Asian platform, where buyers' stops are located behind the area.

Meanwhile, 1650 is the mirror level of the breakdown of last Friday's high:

This image is no longer relevant

If the breakdown of 1658 happens, then the price will pass 1550, adding another 800p to the profit.

I recommend looking at sales after a false breakdown of 1670. There, the passage to the first goal will be more than 1000p, which is not bad within the intraday scale.

For short-term initiatives, I recommend looking at the American session, where the volatility of the quote is highest and predictable.

Good luck in trading and control your risks.

Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $9000 más!
    ¡En Mayo, sorteamos $9000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 100% de bonificación
    Su oportunidad única de obtener un bono del 100 % en su depósito
    OBTENER BONO
  • 55% de bonificación
    Solicite un bono del 55% en cada depósito
    OBTENER BONO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback