FX.co ★ Trading tips for gold

There are 2 strategies that traders could do to break though the double top at 2075.

The first one is to take long positions in order to offset the 50% dip from last week's growth and break through Thursday's low this morning.

A false breakdown can be worked out according to this scheme:

If 1937 is broken, not by a false, but by a true breakdown, then the next attempts to buy gold will be made below 1890, with a much greater growth potential.

These ideas are under the Price Action and Stop Hunting strategies.

Good luck and have a nice day!