FX.co ★ Trading idea for gold

Gold reached $ 1,781, which was the target presented at the previous articles: September 10 and September 13 .

Plan:

Result:

The lower-than-expected data on US inflation actually helped gold and risk assets grow, but it did not really matter anymore because buy stops were already broken. This means that the previously taken short positions were very successful. Thus, congratulations to those who followed the bearish strategy! The total movement of gold was 2,000 pips.

This analysis is based on Price Action and Stop Hunting strategies.

Good luck and have a nice day!