FX.co ★ Trading tips for gold

Previous trading tips in gold pointed at a possible decrease in prices. The target of the move is the 2021-2022 low, which is $1675.

Most likely, there will be a false breakdown today at the local support-resistance level of $1717. This means that short positions are the best option in the gold market.

Set stop loss at $1726 and take profit on the breakdown of $1675.

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

Good luck and have a nice day! Don't forget to control the risks!