FX.co ★ Trading idea for gold

Yesterday, gold pulled back from 1964, which presents a good opportunity to open long positions in the market.

In fact, many traders have considered yesterday's bearish impulse as a trigger for a new downward trend. However, it would manifest only if the quote broke below 1964. Instead, gold moved away from the level, which means that it would be best to open long positions, the entry of which may be at any level (according to your own trading strategy), but the target profit must be 1964.

Of course, traders still need to control the risks to avoid losing money. Trading is very precarious, but also profitable as long as the right approach is used.

Good luck!