Forex Gold trading strategy

  • Jul 08 2022
  • by
  • Analyst AZA
Forex Gold trading strategy

Forex Gold trading strategy

The price of Gold continues to decline in the commodity market. The inertia of falling prices has not yet diminished. There is still a margin of about 1000 pips until the next support level. Our trading strategy for Gold is to sell the precious metal as soon as the price breaks the fractal level and falls below the level of 1732 dollars per troy ounce.

Symbol: XAUUSD
Order Type: Pending Order - Sell Stop
Entry Price at 1732.00
Take Profit at 1722.00
Pips Earning: 1000

Forex profitable strategies:
EURUSD sell at the price of 1.0070
USDJPY buy at the price of 136.20
GBPUSD sell at the price of 1.1915
USDCHF buy at the price of 0.9800

Result of a trading recommendation.

Result of a trading recommendation for Gold

Indice trading is very similar to stock trading.
The conditions of the AZAforex broker are much more attractive than those of the hugosway broker. To learn how to begin forex trading, you need to open an account with a forex broker and start trading at least on a demo account. future gold price prediction is regularly published in our trading analytics section. To calculate the formula for net change, you need to subtract all withdrawals from the broker from deposits.

Future for Gold price predictions
The profit can be $1000.00 if the trading volume of 100 Tr. Oz.


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