XAUUSD was able to recover from the strongest price drop
After the strongest fall in the price of gold, this precious metal was able to recover in price. Now the price has crossed the 200 moving average and created a fractal that we will use to open a position. If the price breaks the maximum of this fractal at 1807.00 shortly and does not touch the 200 moving average, then in this case it is worth opening a long position. We are not worth counting on big profits in this trade, because there are many different resistance levels very close. Therefore, we will limit ourselves to 1000 pips of profit on this trade and place a Take Profit order at 1817.00.
Order Type: Pending Order - Buy Stop
Entry Price at 1807.00
Take Profit at 1817.00
Pips Earning: 1000
Forex trade strategy and trading signals for major currency pairs:
EURUSD sell at the price of 1.1725
USDJPY sell at the price of 109.60
GBPUSD sell at the price of 1.3690
USDCHF sell at the price of 0.9120
Trading recommendation result
The profit can be $1000.00 if the trading volume of 100 Tr. Oz.