empty
26.09.2022 10:50 AM
Trading tips for gold

This image is no longer relevant

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.

This image is no longer relevant

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.

This image is no longer relevant

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.

Andrey Shevchenko,
Analytical expert of InstaForex
© 2007-2025
Summary
Urgency
Analytic
Andrey Shevchenko
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

How to Trade the GBP/USD Currency Pair on November 7? Simple Tips and Trade Analysis for Beginners

The GBP/USD pair also traded higher on Thursday, which makes little sense. Recall that the British currency had been declining for more than a month and was falling more sharply

Paolo Greco 05:37 2025-11-07 UTC+2

How to Trade the EUR/USD Currency Pair on November 7? Simple Tips and Trade Analysis for Beginners

The EUR/USD currency pair surprised many on Thursday. Over the past five weeks, the European currency has been in a continuous decline, but yesterday it started to rise unexpectedly. Notably

Paolo Greco 05:37 2025-11-07 UTC+2

Trade Recommendations and Deal Analysis for GBP/USD on November 7. The Bank of England Reversed the Pound

The GBP/USD currency pair unexpectedly began to rise on Thursday. The key event of the day was the Bank of England meeting, which was considered "a bit more dovish" than

Paolo Greco 03:37 2025-11-07 UTC+2

Trade Recommendations and Deal Analysis for EUR/USD on November 7. The Reverse Absurd Has Begun

The EUR/USD currency pair traded higher throughout Thursday, which seemed fantastic. Remember that in recent weeks, the European currency had been falling while the dollar was rising for absolutely

Paolo Greco 03:37 2025-11-07 UTC+2

How to Trade the GBP/USD Currency Pair on November 6? Simple Tips and Trade Breakdown for Beginners

The GBP/USD currency pair remained stagnant on Wednesday. If the U.S. dollar had continued to rise yesterday, it would not have come as a surprise, as there were solid reasons

Paolo Greco 06:04 2025-11-06 UTC+2

How to Trade the EUR/USD Currency Pair on November 6? Simple Tips and Trade Breakdown for Beginners

The EUR/USD currency pair once again exhibited absurd movements on Wednesday. This time, the market ignored positive U.S. macroeconomic data, reaffirming our assumptions about the illogical current strength

Paolo Greco 06:04 2025-11-06 UTC+2

Trading Recommendations and Trade Analysis for GBP/USD on November 6. Is the Pound Tired of Falling?

The GBP/USD currency pair managed to avoid a new decline on Wednesday —what is it? A calm before a new storm? Or before another fall of the British pound? Recall

Paolo Greco 02:08 2025-11-06 UTC+2

Trading Recommendations and Trade Analysis for EUR/USD on November 6. The Absurd Continues

The EUR/USD currency pair continued its downward movement on Wednesday. However, the most interesting aspect is not merely the further decline of the European currency. Recall that on Monday

Paolo Greco 02:08 2025-11-06 UTC+2

How to Trade the GBP/USD Currency Pair on November 5? Simple Tips and Trade Breakdown for Beginners

The GBP/USD pair continued its downward movement on Tuesday. This time, the decline of the British currency was "provoked" by a new speech from the UK Chancellor of the Exchequer

Paolo Greco 06:30 2025-11-05 UTC+2

How to Trade the EUR/USD Currency Pair on November 5? Simple Tips and Trade Breakdown for Beginners

The EUR/USD currency pair continued to slide downward on Tuesday without any compelling reasons. During the past day, the only significant event was the speech by Christine Lagarde, the President

Paolo Greco 06:30 2025-11-05 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.