FX.co ★ Trading idea for gold

Gold bounced back and broke through the mirrored support-resistance level 1750. But in order to skillfully work out a decline, trading positions must base on the move that may occur in the market.

Ideally, a strong selling pressure should drive gold back beyond 1750. Then, from the pullback, traders can carefully work for a movement towards 1675.

Most likely, the movement will be as large as 7,000 pips. Good luck!

The idea above follows both Price Action and Stop Hunting strategies. Have a nice trading day!