Falling Gold after the opening of the trading session
The gold price fell sharply after the opening of trading in the futures markets. The price could not resist and plummeted by more than 2800 pips in one hour. These powerful movements usually don't stop right away. Therefore, there is a good chance that the price decline will continue to the flat support level of 1800.00.
Order Type: Pending Order - Sell Stop
Entry Price at 1811.00
Take Profit at 1800.00
Pips Earning: 1100
Forex trade strategy for major currency pairs:
EURUSD sell at the price of 1.1230
USDJPY buy at the price of 114.80
GBPUSD sell at the price of 1.3380
USDCHF buy at the price of 0.9320
The result of a trade recommendation.
Precious metal trading recommendation
The profit can be $1100.00 if the trading volume of 100 Tr. Oz.