FX.co ★ Trading tips for gold

Sell-offs in gold continued near the yearly lows yesterday during the US session.

As a result, a pin-bar was formed in the D1 chart, under which are buyers' stops for the past 3 days.

A little lower, just below 2000, is the 2021 low, which will most likely be broken soon.

In this situation, the best move is to avoid taking long positions and focusing on opening short positions at the price levels presented above.

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

Good luck and have a nice day!