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06.05.202213:53 Forex Analysis & Reviews: Trading tips 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 06.05.2022 analysis

Wednesday's news prompted gold to roll back, allowing bulls to continue working for an increase according to the ABC pattern.

Exchange Rates 06.05.2022 analysis

This means that the previous trading plan for gold is still relevant, and the main target is still $2,075 or higher.

Exchange Rates 06.05.2022 analysis

Based on this, the potential movement from the current prices is over 20,000 pips.Upcoming report on US employment will also add volatility to the market.

Exchange Rates 06.05.2022 analysis

This trading idea is based on the Price Action and Stop Hunting strategies.Good luck and have a nice day!

Andrey Shevchenko
Analytical expert of InstaForex
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