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Trading tips for gold

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In accordance with the plan presented last December 20, gold is moving towards 1815, our target price level.

Plan:

Current situation:

If you are long in gold, hold your position until the breakdown of 1815.

But if you are short, refrain from selling in the market, lest you become trapped at 1815. Wait for a false breakdown of 1815, or the appearance of short initiatives.

These trading ideas are based on the price action and stop hunting strategies.

Good luck and have a nice day!

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

Technical analysis recommendations of EUR/USD and GBP/USD on December 23, 2021

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