FX.co ★ Trading idea for gold

Congratulations to those who followed our earlier trading recommendation , which was to sell gold.

Today, the situation is absolutely the same, especially since there is another trap for gold, but this time it's at the level of 1850.

The situation looks like this:

H1 chart

The best tactic is to work for a 50% retracement, from the current price to 1850.

Such a transaction has a 1: 1 risk / profit ratio, and will be relevant until the quote breaks out of 1850.

But if the target level breaks down before the pullback, cancel the transaction.

Remember, we have to be careful when trading because the market is very precarious. But, it will give plenty of profit provided that you use the right approach.

Good luck!