FX.co ★ Trading tips for gold

An inside bar was formed in gold at the close of the trading session last week, which indicates a likely reversal in the market. This was not surprising because such a thing usually occurs after a big climax and when the price is on a support trend line.

Also, gold came close to the 2020 high, but did not break through it, leaving an excellent target for long positions - $ 2,075.

But note that there is a weekly reversal setup for silver and gold, with a potential of about 10,000 pips.

Similar situations are developing in platinum and palladium.

This suggests that all precious metals are on the verge of a big increase, so traders should take this opportunity to make new purchases in the market.

The trading ideas presented are based on the "Price Action" and "Stop Hunting" strategies.

Good luck and have a nice day!