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11.08.202112:55 Forex Analysis & Reviews: Trading idea for gold

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Exchange Rates 11.08.2021 analysis

The strategy presented yesterday can still be used to bring gold to 1675. In fact, the potential move today could be as much as 6,000 pips.

Exchange Rates 11.08.2021 analysis

All that is needed is to maintain the existing short positions, or to open a new one to provoke another decline.

Exchange Rates 11.08.2021 analysis

So, to those who already sold at the mirror level with 1: 1 profitability, nothing should be changed. But for those who do not have a position, there is now a great opportunity to do so. This time, profitability is 1:10 so not miss this chance!

The idea above follows both Price Action and Stop Hunting strategies. Good luck!

Andrey Shevchenko
Analytical expert of InstaForex
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