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AMarkets Trade Of The Week: August 2 – August 6, 2021

August 09, 2021

The most profitable trade last week was the short sale of gold (XAU/USD). Gold showed a strong downtrend on Friday driven by the rumors that the US Federal Reserve will start removing its monetary stimulus ahead of schedule, as well as the news on the number of jobs in the non-agricultural sector. One of the company’s clients turned in a $4114.35 profit by opening a long position of 2.05 lots.

SELL on 06.08.2021 at 12:49 ЕЕSТ at 1794.98,
BUY on 06.08.2021 at 16:15 ЕЕSТ at 1774.91.

Among the currency pairs, the most profitable trade was the GBP/JPY purchase. The client successfully spotted the beginning of the uptrend and opened a long position of 2 lots at the local minimums, earning $1970 profit.

BUY on 04.08.2021 at 15:58 ЕЕSТ at 151.603,
SELL on 05.08.2021 at 17:00 ЕЕSТ at 152.689.

Deposit $300 or greater into your account and get a 15% trading bonus.

The promotion is valid until August 13 inclusive. To receive your bonus, make a deposit, contact your personal manager and tell him the promo code BESTTRADE.