Trading idea for gold

Trading 04 Nov 2020 Donner votre avis

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Last night, when the preliminary results of the US elections came out, a bullish impulse emerged on the US dollar, but then it was quickly bought out by traders. Regardless, gold bulls can rely on it when working for an increase, particularly on bringing the quote towards a price level of 1933.

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In fact, such a strategy has a good risk/profit ratio - 1.5 to 1.

Aside from that, it uses the classic (and trusted) Price Action and Stop Hunting techniques.

Good luck!

The material has been provided by InstaForex Company - www.instaforex.com

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