empty
 
 
You are about to leave
www.instaforex.eu >
a website operated by
INSTANT TRADING EU LTD
Open Account

19.12.201910:25 Forex Analysis & Reviews: Trump's impeachment and gold

Long-term review
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.

Tonight, the US House of Representatives voted to impeach Trump, accusing him of abuse of power and trying to put pressure on the President of Ukraine to investigate the son of Joe Biden - the son of a presidential candidate and his direct rival, as well as obstructing the work of Congress.

The distribution of votes:

1. Abuse of authority: "for" - 230, "against" - 197.

2. Obstruction to Congress: "for" - 229, "against" - 198.

Then it's up to the Senate. There will be a judicial investigation and a vote. For Donald Trump to leave his post – it will be necessary to gain 2/3 of the votes in the Senate. I remind you that in the Senate, the majority belongs to Republicans who are against impeachment.

I propose a trading idea to increase the rate of gold in connection with the above news:

Exchange Rates 19.12.2019 analysis

Technically, the idea is based on the rejection of Price Action patterns and the "Hunt for Stops" system.

I recommend accurate implementation of the plan with smaller timeframes in the American session and also work out the idea of BUYLIMIT for today's high.

Good luck with trading and control risks!

Andrey Shevchenko
Analytical expert of InstaForex
© 2007-2024

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.




You are now leaving www.instaforex.eu, a website operated by INSTANT TRADING EU LTD
Can't speak right now?
Ask your question in the chat.

Turn "Do Not Track" off