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Gold price trading economics tips
Gold price trading economics tips
The instability of the Forex currency market increases the price of Gold. The gold rate is rising for the third week. Therefore, we can assume that the rise in the price of gold will continue. The price of gold has already bounced twice from the resistance level of 1825.00. We will wait for this level to be broken and after that we will open a long position.
Symbol: XAUUSD
Order Type: Pending Order - Buy Stop
Entry Price at 1825.00
Take Profit at 1837.00
Pips Earning: 1200
Trading fx options:
EURUSD buy at the price of 1.0665
USDJPY sell at the price of 130.60
GBPUSD sell at the price of 1.2050
USDCHF sell at the price of 0.9240
Result of a trading recommendation:
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