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Gold price failed to regain lost positions

Gold price failed to regain lost positions

Nov 24 2021

by Michael Wallenberg
Analyst AZA

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Gold price failed to regain lost positions

Gold price failed to regain lost positions

More recently, the price of Gold has fallen sharply in value. After this fall, the bulls were powerless to restore the lost positions. The chart shows that the price drop is on the third wave. We will open a position with a target of 1000 pips if the bears can break the support level of 1781.00 soon. Our Take Profit order is at the nearest support level.

Symbol: XAUUSD
Order Type: Pending Order - Sell Stop
Entry Price at 1781.00
Take Profit at 1771.00
Pips Earning: 1000

Forex trade strategy for major currency pairs:
EURUSD sell at the price of 1.1220
USDJPY buy at the price of 115.30
GBPUSD sell at the price of 1.3340
USDCHF buy at the price of 0.9355

The result of a trade recommendation.

The result of a trade recommendation.

Trading recommendation for precious metals
The profit can be $1000.00 if the trading volume of 100 Tr. Oz.

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