FX.co ★ Trading tips for gold

Gold reacted interestingly to the release of the Fed's minutes of the meeting. It showed multidirectional movements, but by the end of the day closed in a positive area. This scenario signals that it is better to take long positions, more specifically, according to this scheme:

Set stop loss at 1918, and take profit on the breakdown of $1932, $1944, $1950 and $2075.

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

Good luck and have a nice day!