FX.co ★ Trading tips for gold

Gold opened with a gap today and tested the 50% retracement level.

This follows the plan presented last February 25, which aims to lower the quote through a pullback from the pin bar.

Main plan:

Plan in the medium-term:

Development:

The third downward wave is continuously developing, so if you are not bearish, then refrain from taking long positions and choose short signals within your TS on smaller timeframes.

This trading idea is based on the "Price Action" and "Stop Hunting" strategies.

Good luck and have a nice day!