FX.co ★ Trading tips in gold

Gold continues to decline, putting pressure on buyers.

The main driver was the latest data on US jobless claims, which remained neutral, pulling buyers into a market trap.

This scenario indicates that traders should work for a fall or refrain from taking long positions, at least until a false breakdown of $ 1,841 - $ 1,848.

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

Good luck and have a nice day!